296
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
(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
(c)
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)
-
-
(d)
(575)
-
10
-
Purchases against the euro
-
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
(575)
-
-
(575)
-
10
-
Economic hedging
(b)
Sales against the euro
(115)
-
(6)
-
(109)
-
-
Purchases against the euro
519
370
37
-
112
-
(3)
Other
-
(7)
7
-
-
-
-
404
363
38
-
3
-
(3)
(a)
Relates to the hedge of the net investment in certain subsidiaries in the United Kingdom for a notional amount of GBP 692 million.
(b)
The economic hedging instruments relate to derivative financial instruments which are not eligible for hedge accounting pursuant to IAS 39.
(c)
Notably includes the hedge associated with the $550 million bond issued in April 2012, with a 1.3082 EUR/USD rate, unwound on November 15,
2013 for a counter-value of €420 million.
(d)
Mainly includes the hedge associated with the sale of EMI Recorded Music.
