EBITDA Debt 30 6 2 0x 34 2 2 0x 37 5 2 1x Bonds Average maturity of gross debt (in years) Average coupon Liquidity 45 3 43 6 42 9 12 4 3 50 % 13 2 3 29 % 13 1 3 09 % Gross liquidity Net liquidity 34 6 21 2 28 4 19 3 26 9 16 9 45 Consolidated financial statements Financing & cash management Strategy & investments Regulation EDF EN France International Markets Net financial debt calculation In millions of Euros 30 / 06 / 2014 55, 959 31 / 12 / 2014 55, 652 30 / 06 / 2015 56, 791 Financial debt Derivatives used to hedge debt Cash and cash equivalents Liquid financial assets available for sale Loans to RTE (605() 4, 115() 19, 936() 688() 3, 083() 4, 701() 12, 990() 670() 3, 234() 3, 034() 12, 333() 688) Net financial debt 30, 615 34, 208 37, 502 46 Consolidated financial statements Financing & cash management Strategy & investments Regulation EDF EN France International Markets Financial Data In millions of Euros 30 / 06 / 2014 restated 8, 833 (859) 31 / 12 / 2014 restated 17, 279 (1, 752) 30 / 06 / 2015 9, 147 (911) EBITDA Net financial charges disbursed Funds From Operations 6, 293 11, 691 6, 738 Net financial debt Shareholders' equity including non.