APC 2012 Annual Report Download - page 215
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2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 213
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31, 2012
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
26.2 – Currency risk
Positions of futures hedges of balance sheet items and net investment by currency
Dec.31, 2012
Sales Purchases Net
USD 2,664 (1,460) 1,204
SGD 392 (246) 146
HKD 278 (116) 162
GBP 300 (80) 220
AUD 253 (109) 144
NOK 129 (2) 127
AED 104 (5) 99
HUF 46 (61) (15)
SAR 94 (8) 86
CAD - (65) (65)
PLN 3 (32) (29)
SEK 4 (30) (26)
DKK 34 - 34
CHF 17 (16) 1
RUB 30 - 30
JPY 3 (23) (20)
Others 41 (213) (172)
TOTAL 4,392 (2,466) 1,926
Theses forward currency hedging positions include EUR1,586million in hedges of loans and borrowings of a fi nancial nature (net sales) and
EUR340million in hedges of operating cash fl ows (net sales).
Other cash-fl ow hedge contracts are mainly related to the following currencies: USD, BRL and JPY.
26.3 – Impact of financial instruments
Dec.31, 2012 Impact on income
and expense
Impact on Equity
Fair value Translation adjustment Other
Available-for-sale fi nancial assets 24 (25) 9 -
Loans and accounts receivable 36 - (85) -
Financial liabilities measured at amortized cost (385) - (104) -
Derivative instruments 174 106 (1) -
TOTAL (151) 81 (181) -
Dec.31, 2011 Impact on income
and expense
Impact on Equity
Fair value Translation adjustment Other
Available-for-sale fi nancial assets 6 (60) 9 -
Loans and accounts receivable 30 - 78 -
Financial liabilities measured at amortized cost (331) - (158) -
Derivative instruments (38) (73) (2) -
TOTAL (333) (133) (73) -