APC 2009 Annual Report Download - page 164

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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC162
CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
26.2 - Carrying amount and fair value of financial instruments other than derivatives
Dec. 31, 2009 Dec. 31, 2008
Notional amount (1) Fair value Notional amount (1) Fair value
Available-for-sale fi nancial assets 245 245 200 200
Other non-current fi nancial assets 102 102 113 113
Marketable securities 2,681 2,681 997 997
Bonds (4,508) (4,746) (3,477) (3,414)
Other short and long-term debt (1,816) (1,816) (2,728) (2,728)
FINANCIAL INSTRUMENTS EXCLUDING
DERIVATIVES (3,296) (3,534) (4,895) (4,832)
(1) The notional amount corresponds to either amortised cost or fair value.
26.3 - Currency risk
Forward hedging positions by currency
Dec. 31, 2009
Sales Purchases Net
USD 1,390 (1,332) 58
SEK 10 (30) (20)
DKK 123 (138) (15)
CHF 394 (390) 4
HUF 53 (10) 43
AUD 36 (32) 4
CZK 24 (16) 8
JPY 3 (28) (25)
AED 5 (26) (21)
GBP 58 (88) (30)
HKD 62 (5) 57
SGD 32 - 32
Other 69 (60) 9
TOTAL 2,259 (2,155) 104
Forward currency hedging positions include EUR 158million in hedges of intragroup loans and borrowings (net purchases) and EUR 262million
in hedges of operating cash fl ows (net sales).
26.4 - Impact of financial instruments
Dec. 31, 2009
Impact on fi nancial
income and
expense
Impact on Equity
Fair value Translation
adjustment Others
Available-for-sale fi nancial assets 5 25 (2) -
Loans and accounts receivable 26 - 52 -
Financial liabilities measured at amortised cost (323) - (55) -
Derivative instruments (16) 117 9 -
TOTAL (308) 128 4 -