Page 291 - 2012 Annual Report

291
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
Valuation method for financial instruments at fair value
The following tables present the fair value method of financial instruments
according to the three following levels:
✱ Level 1: fair value measurement based on quoted prices in active
markets for identical assets or liabilities;
✱ Level 2 : fair value measurement based on observable market data
(other than quoted prices included within Level 1); and
✱ Level 3: fair value measurement based on valuation techniques that
use inputs for the asset or liability that are not based on observable
market data.
As a reminder, the other financial instruments at amortized cost are not
included in the following tables.
(in millions of euros) Note
December 31, 2012
Total Level 1 Level 2 Level 3
Assets
Cash management financial assets 15 301 301 - -
Available-for-sale securities 15 197 - 154 43
Derivative financial instruments 23.2 137 - 137 -
Other financial assets at fair value through profit or loss 15 9 - 6
Cash and cash equivalents 17 3,894 3,894 - -
Liabilities
Commitments to purchase non-controlling interests 8 - - 8
Derivative financial instruments 23.2 36 - 36 -
(in millions of euros) Note
December 31, 2011
Total Level 1 Level 2 Level 3
Assets
Cash management financial assets 15 266 266 - -
Available-for-sale securities 15 125 1 77 47
Derivative financial instruments 23.2 101 - 101 -
Other financial assets at fair value through profit or loss 28 15 - 13
Cash and cash equivalents 17 3,304 3,304 - -
Liabilities
Commitments to purchase non-controlling interests 11 - 2 9
Derivative financial instruments 23.2 5 - 5 -
In 2012 and 2011, there was no transfer of financial instruments measured
at fair value between level 1 and level 2. In addition, as of December 31,
2012 and December 31, 2011, financial instruments measured at level 3
fair value did not include any significant amount.