290
Annual Report -
2013
-
Vivendi
4
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements |
Consolidated
Financial Statements
| Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Note 24. Financial instruments and management of financial risks
Note 24.
Financial instruments and management of financial risks
24.1.
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, 2013
December 31, 2012
(a)
Carrying value Fair value
Carrying value Fair value
Assets
Cash management financial assets
-
-
301
301
Available-for-sale securities
360
360
197
197
Derivative financial instruments
126
126
137
137
Other financial assets at fair value through profit or loss
5
5
15
15
Financial assets at amortized cost
208
208
202
202
Financial assets
16
699
699
852
852
Trade accounts receivable and other, at amortized cost
17
4,898
4,898
6,587
6,587
Cash and cash equivalents
18
1,041
1,041
3,894
3,894
Liabilities
Borrowings, at amortized cost
12,218
12,721
17,713
18,637
Derivative financial instruments
26
26
36
36
Commitments to purchase non-controlling interests
22
22
8
8
Borrowings and other financial liabilities
23
12,266
12,769
17,757
18,681
Other non-current liabilities, at amortized cost
17
757
757
1,002
1,002
Trade accounts payable and other, at amortized cost
17
10,416
10,416
14,196
14,196
(a)
Vivendi applied from January 1, 2013, with retrospective effect from January 1, 2012, amended IAS 19 -
Employee Benefits
, whose application is
mandatory in the European Union beginning on or after January 1, 2013 (please refer to Note 1). As a result, the 2012 Financial Statements were
adjusted in accordance with the new standard (please refer to Note 33).
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.
