Page 290 - 2012 Annual Report

290 VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
III - CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 23 Financial instruments and management of financial risks
Note 23. Financial instruments and management of financial risks
23.1. FAIR VALUE OF FINANCIAL INSTRUMENTS
Financial instruments classified as liabilities under Vivendi’s Statement of
Financial Position include bonds and bank credit facilities, other financial
liabilities (including commitments to purchase non-controlling interests),
as well as trade accounts payable and other non-current liabilities. As
assets under Vivendi’s Statement of Financial Position, they include
financial assets measured at fair value and at historical cost, trade
accounts receivable and other, as well as cash and cash equivalents. In
addition, financial instruments include derivative instruments (assets or
liabilities) and assets available for sale.
Accounting category and fair value of financial instruments
(in millions of euros) Note
December 31, 2012 December 31, 2011
Carrying value Fair value Carrying value Fair value
Assets
Cash management financial assets 301 301 266 266
Available-for-sale securities 197 197 125 125
Derivative financial instruments 137 137 101 101
Other financial assets at fair value through profit or loss 15 15 28 28
Financial assets at amortized cost 228 228 352 352
Financial assets 15 878 878 872 872
Trade accounts receivable and other, at amortized cost 16 6,587 6,587 6,730 6,730
Cash and cash equivalents 17 3,894 3,894 3,304 3,304
Liabilities
Borrowings, at amortized cost 17,713 18,637 15,694 16,079
Derivative financial instruments 36 36 5 5
Commitments to purchase non-controlling interests,
at fair value through profit or loss 8 8 11 11
Borrowings and other financial liabilities 22 17,757 18,681 15,710 16,095
Other non-current liabilities, at amortized cost 16 1,002 1,002 864 864
Trade accounts payable and other, at amortized cost 16 14,196 14,196 13,987 13,987
The carrying value of trade accounts receivable and other, cash and cash equivalents, and trade accounts payable is a reasonable approximation of fair
value, due to the short maturity of these instruments.