APC 2013 Annual Report Download - page 233

CONSOLIDATED FINANCIALSTATEMENTS ATDECEMBER 31, 2013
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Financial instruments Note26
The Group uses financial instruments to manage its exposure to fluctuations in interest rates, exchange rates and metal prices.
26.1 – Balance sheet exposure
Dec. 31, 2013 Breakdown by category
Financial
Available- Loans and liabilities
Fair value Fair value for-sale account measured at
Fair Value through P&L through equity financial assets receivables amortized cost
ASSETS
Available-for-sale financial assets 164 - - 164 - -
Other non-current financial assets 127 - - - 127 -
TOTAL NON-CURRENT ASSETS 291 - - 164 127 -
Trade accounts receivable 5,082 - - - 5,082 -
Other receivables ------
Current financial assets 28 28 ----
Marketable securities 2,193 2,193 ----
Derivative instrument – foreign currencies 145 104 41 - - -
Derivative instrument – interest rates ------
Derivative instrument – commodities ------
Derivative instrument – shares 46 44 2---
TOTAL CURRENT ASSETS 7,494 2,369 43 - 5,082 -
LIABILITIES
Long-term portion of bonds* (5,704) - - - - (5,704)
Other long-term debt (600) - - - - (600)
TOTAL NON-CURRENT LIABILITIES (6,304) - - - - (6,304)
Short-term portion of bonds* (718) - - - - (718)
5
Short-term debt (2,220) - - - - (2,220)
Trade accounts payable (3,713) - - - - (3,713)
Other (35) - - - - (35)
Derivative instrument – foreign currencies (11) (11) ----
Derivative instrument – interest rates (8) - (8) - - -
Derivative instrument – commodities (3) - (3) - - -
Derivative instrument – shares ------
TOTAL CURRENT LIABILITIES (6,708) (11) (11) - - (6,686)
Overall, the financial instruments listed in the balance sheet are accounted at the fair value, except for the bonds for which the amortized *
cost represents EUR6,422million compared to EUR6,039million reflected in the balance sheet.
The impact of financial instruments, by category, on profit and the impact on equity primarily stemmed from the measurement
l
equity was as follows: of available-for-sale financial assets and derivative instruments
at fair value and from translation adjustments of foreign
the main impact on profit concerned interest income and
l
currency loans, receivables and liabilities.
expense; a foreign exchange derivative, not documented as
hedging, incurred, on the second half of 2013, a gain of
EUR46million in Exchange gains and losses;
231
2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC