Plastic Omnium - 2018 Registration Document

5 2018 STATUTORY ACCOUNTS Notes to the statutory accounts www.plasticomnium.com PLASTIC OMNIUM 2018 REGISTRATION DOCUMENT 242 Bank borrowings Borrowings and other financial debts consist largely of the remaining financial commitment to the Aster VI fund of €18.5 million at December 31, 2018, security deposits received of €1.7 million and of €1.2 million of currency hedges. Forward financial instruments and hedging transactions The currency swaps portfolio, created to hedge foreign-currency loans granted to subsidiaries stood as follows: Portfolio at December 31, 2018 Currency In thousands of euros Nominal Currency Fair value Assets Fair value Liabilities Fair value CNY/EUR 350,000 130 (228) (98) USD/EUR 113,300 57 (939) (882) TOTAL 187 (1,167) (980) Portfolio at December 31, 2017 Currency In thousands of euros Nominal Currency Fair value Assets Fair value Liabilities Fair value CNY/EUR 350,000 87 (742) (655) GBP/EUR 48,000 (517) (517) USD/EUR 113,300 2,415 (487) 1,928 TOTAL 2,502 (1,746) 756 Trade payables, tax and other liabilities Compagnie Plastic Omnium is the parent company of a tax consolidation group with debt amounting to €8.8 million. Other liabilities mainly relate to tax current accounts with the other corporate members of the tax group for €42 million (including €41.5 million relating to tax credits). Accrued expenses In thousands of euros Amount Other bonds, accrued interest 14,632 Bank borrowings and liabilities 0 Net financial liabilities 0 Trade payables 11,066 Other liabilities 594 TOTAL 26,292