XML 63 R46.htm IDEA: XBRL DOCUMENT v3.6.0.2
Financial Liabilities (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of changes in current and non-current financial liabilities
The changes in current and non-current financial liabilities during the periods ended December 31, 2015 and December 31, 2016 are illustrated in the following schedules:
 
 
As of December 31, 2014
 
New borrowings
 
Repayments
 
Liabilities assumed in connection with business combinations
 
Other(1)
 
Currency translation adjustment
 
As of December 31, 2015
 
 
(in thousands)
Borrowings
 
$
8,007


$
4,023


$
(8,716
)

$
1,796


$
1,599


$
(736
)
 
$
5,973

Financial liabilities relating to finance leases
 
282


—


(258
)

—


24


(25
)
 
23

Other financial liabilities
 
488


—


(1,000
)

1,000


174


(54
)
 
608

Financial derivatives
 
743


—


—


—


(116
)

(75
)
 
552

Financial liabilities - current portion
 
9,520

 
4,023

 
(9,974
)
 
2,796

 
1,681

 
(890
)
 
7,156

Borrowings
 
5,044


—


—


—


(1,275
)

(497
)
 
3,272

Financial liabilities relating to finance leases
 
25


—


—


—


(24
)

(1
)
 
—

Other financial liabilities
 
191


—


—


—


(174
)

(17
)
 
—

Financial liabilities - non current portion
 
5,260

 
—

 
—

 
—

 
(1,473
)
 
(515
)
 
3,272

Borrowings
 
13,051

 
4,023

 
(8,716
)
 
1,796

 
324

 
(1,233
)
 
9,245

Financial liabilities relating to finance leases
 
307

 
—

 
(258
)
 
—

 
—

 
(26
)
 
23

Other financial liabilities
 
679

 
—

 
(1,000
)
 
1,000

 
—

 
(71
)
 
608

Financial derivatives
 
743

 
—

 
—

 
—

 
(116
)
 
(75
)
 
552

Total
 
$
14,780

 
$
4,023

 
$
(9,974
)
 
$
2,796

 
$
208

 
$
(1,405
)
 
$
10,428

 (1) Includes reclassification from non-current to current portion based on maturity of the financial liabilities.
 
As of December 31, 2015
 
New borrowings
 
Repayments
 
Liabilities assumed in connection with business combinations
 
Other (1)
 
Currency translation adjustment
 
As of December 31, 2016
 
(in thousands)
Borrowings
$
5,973


$
5,846


$
(13,854
)

$
7,067


$
808


$
(316
)
 
$
5,524

Financial liabilities relating to finance leases
23


—


(27
)

—


—


4

 
—

Other financial liabilities
608


64


(286
)

318


(225
)

(2
)
 
477

Financial derivatives
552


—


—


—


1,505


(89
)
 
1,968

Current portion
7,156

 
5,910

 
(14,167
)
 
7,385

 
2,088

 
(403
)
 
7,969

Borrowings
3,272


78,752


—


—


(808
)

(3,819
)
 
77,397

Other financial liabilities
—


—


—


—


225


(11
)
 
214

Non current portion
3,272

 
78,752

 
—

 
—

 
(583
)
 
(3,830
)
 
77,611

Borrowings
9,245

 
84,598

 
(13,854
)
 
7,067

 
—

 
(4,135
)
 
82,921

Financial liabilities relating to finance leases
23

 
—

 
(27
)
 
—

 
—

 
4

 
—

Other financial liabilities
608

 
64

 
(286
)
 
318

 
—

 
(13
)
 
691

Financial derivatives
552

 
—

 
—

 
—

 
1,505

 
(89
)
 
1,968

Total
$
10,428

 
$
84,662

 
$
(14,167
)
 
$
7,385

 
$
1,505

 
$
(4,233
)
 
$
85,580

 (1) Includes reclassification from non-current to current portion based on maturity of the financial liabilities.
Schedule of Debt
Our loans and RCF agreements are presented in the table below:
 
Nominal/ Authorized amounts

 
Amount drawn as of December 31, 2016 (RCF only)

 
 
 
 
Nature
(in thousands)
 
Interest rate
 
Settlement date
 
 
 
 
 
 
 
 
Central loan agreements
 
 
 
 
 
 
 
BPI Loan
 
 
 
 
 
 
 
February 20, 2014
€
3,000

 
N/A

 
Fixed: 2.09%
 
May 31, 2021
Central RCF
 
 
 
 
 
 
 
BPI RCF
 
 
 
 
 
 
 
February 20, 2014
€
2,000

 
€
50

 
Floating rate: EURIBOR 3M + 0.7%
0.39% as of December 31, 2016
 
February 28, 2017
Bank Syndicate RCF
 
 
 
 
 
 
 
September 24, 2015
€
250,000

 
$
75,000

 
Floating rate: EURIBOR / LIBOR + margin depending on leverage ratio
1.73% as of December 31, 2016
 
September 23, 2020
China RCF
 
 
 
 
 
 
 
HSBC RCF
 
 
 
 
 
 
 
May 12, 2015
RMB 40,000

 
RMB 30,000

 
Floating rate: + 10%
4.79% as of December 31, 2016 
 
N/A
Schedule of Maturities of Long-term Debt
The following table shows the maturity of our financial liabilities:
 
 
 
 
Maturity
 
 
 
 
Carrying value
 
2017
 
2018
 
2019
 
2020
 
2021
 
2022
 
 
(in thousands)
Borrowings
 
$
82,921

 
$
5,522


$
817


$
632


$
75,634


$
316


$
—

Financial liabilities relating to finance leases
 
—

 
—


—


—


—


—


—

Other financial liabilities
 
691

 
477


—


214


—


—


—

Bank overdraft
 
—

 
—


—


—


—


—


—

Financial derivatives
 
1,968

 
1,968


—


—


—


—


—

Financial liabilities
 
85,580

 
7,967

 
817

 
846

 
75,634

 
316

 
—