Net financial liabilities

Net financial liabilities as of December 31 (in EUR Million)

Net financial liabilities improved

Net financial liabilities, the sum total of all financial liabilities due to banks less cash and cash equivalents, improved by 37% as of the end of the fiscal year 2014 to EUR 36 million (December 31, 2013: EUR 57 million).

Financial liabilities to banks came to EUR 164 million, slightly below the prior-year level (December 31, 2013: EUR 176 million).