Page 295 - 2012 Annual Report

295
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
The following tables present the notional amount of foreign currency risk management instruments used by the group; the positive amounts relate to
currencies to be received, the negative amounts relate to currencies to be delivered:
(in millions of euros)
December 31, 2012
Notional amounts Fair value
Total USD PLN GBP Other Assets Liabilities
Sales against the euro (931) (59) (162) (586) (124) 12 (3)
Purchases against the euro 1,421 1,257 37 15 112 1 (20)
Other - 105 (97) (8) - - (3)
490 1,303 (222) (579) (12) 13 (26)
Breakdown by accounting category of foreign currency hedging instruments
Cash flow hedge
Sales against the euro (87) (6) (58) (8) (15) 1 (1)
Purchases against the euro 446 (a) 446 - - - 1 (11)
Other - 92 (92) - - - (3)
359 532 (150) (8) (15) 2 (15)
Fair value hedge
Sales against the euro (154) (53) (98) (3) - 1 (2)
Purchases against the euro 456 441 - 15 - - (6)
Other - 20 (12) (8) - - -
302 408 (110) 4 - 1 (8)
Net investment hedge
Sales against the euro (575) - - (b) (575) - 10 -
Purchases against the euro - - - - - - -
Other - - - - - - -
(575) - - (575) - 10 -
Economic hedging (c)
Sales against the euro (115) - (6) - (109) - -
Purchases against the euro 519 370 37 - 112 - (3)
Other - (7) 7 - - - -
404 363 38 - 3 - (3)