APC 2015 Annual Report Download - page 234

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC232
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2015
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note26 Financial instruments
The Group uses fi nancial instruments to manage its exposure to fl uctuations in interest rates, exchange rates and metal prices.
26.1– Balance sheet exposure
Dec.31, 2015 Breakdown by category
Fair Value Fair value through P&L Fair value
through equity
Available-for-
sale fi nancial
assets
Loans
and account
receivables
Financial
liabilities
measured at
amortized cost
Assets
Available-for-sale fi nancial assets 128 - - 128 - -
Other non-current fi nancial assets 568---568-
TOTAL NON-CURRENT ASSETS 696 - - 128 568 -
Trade accounts receivable 6,002---6,002 -
Other receivables
Current fi nancial assets 43 43----
Marketable securities 1,310 1,310----
Derivative instruments– foreign
currencies 126 124 2---
Derivative instruments– interest rates ------
Derivative instruments– commodities ------
Derivative instruments– shares 13 17 (4)---
TOTAL CURRENT ASSETS 7,494 1,494 (2) - 6,002 -
Liabilities
Long-term portion of bonds* (6,217)----(6,217)
Other long-term debt (216)----(216)
TOTAL NON-CURRENT
LIABILITIES (6,433)----(6,433)
Short-term portion of bonds* (681)----(681)
Short-term debt (826)----(826)
Trade accounts payable (4,284)----(4,284)
Other (34)----(34)
Derivative instruments– foreign
currencies (214) (202) (12)---
Derivative instruments– interest rates ------
Derivative instruments– commodities (12) - (12)---
Derivative instruments– shares ------
TOTAL CURRENT LIABILITIES (6,051) (202) (24) (5,825)
(* ) The majority of fi nancial instruments listed in the balance sheet are accounted at fair value, except for bonds, for which the amortized
cost in the balance sheet represents EUR6,588million compared to EUR6,898million at fair value.
The impact of fi nancial instruments, by category, on profi t and
equity was as follows:
•the main impact on profi t concerned interest income and
expense;
•the impact on equity primarily stemmed from the measurement
of available-for-sale fi nancial assets and derivative instruments at
fair value and from translation adjustments of foreign currency
loans, receivables and liabilities.