Loreal 2011 Annual Report Download - page 168
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166 REGISTRATION DOCUMENT − L’ORÉAL 2011
52011 parent company Financial Statements
Notes to the parent company nancial statements
NOTE23 Derivative financial instruments
Derivative financial instruments mainly consist of futures transactions and can be broken down as follows:
€ millions
Notional Market value
12.31.2011 12.31.2010 12.31.2009 12.31.2011 12.31.2010 12.31.2009
Currency futures
Purchase of EUR against
foreigncurrencies
EUR/RUB 264.6 288.6 0.4 0.3 -6.2 0.0
EUR/CNY 165.4 85.7 109.0 -9.1 -2.9 1.3
EUR/USD 77.2 0.0 29.6 -6.1 0.0 -1.3
EUR/BRL 73.4 77.3 84.7 0.2 -5.5 -6.9
EUR/GBP 29.8 16.6 14.3 -1.0 0.3 0.0
EUR/IDR 23.8 25.0 14.2 -1.4 -0.9 -0.9
EUR/AUD 16.7 13.2 9.6 -1.2 -1.1 -0.6
EUR/CAD 15.2 12.4 14.5 -0.6 -0.4 -0.5
EUR/KZT 11.1 11.8 8.0 -0.7 -0.1 -0.2
EUR/MXN 11.0 5.8 5.5 0.5 -0.1 -0.1
EUR/PLN 8.5 4.7 6.8 0.1 -0.1 -0.1
EUR/CHF 7.9 5.8 4.3 -0.1 -0.5 -0.1
EUR/INR 6.8 0.6 0.0 0.2 0.0 0.0
EUR/CLP 6.3 5.7 3.5 -0.1 -0.4 0.0
EUR/ZAR 3.4 9.3 4.0 -0.2 -1.7 -0.5
EUR/UAH 0.7 18.0 0.0 -0.1 0.1 0.0
EUR/ARS 0.6 5.4 0.0 -0.1 -0.1 0.0
EUR/Other currencies 44.0 31.5 25.5 -0.4 -1.0 -0.5
Sale of EUR against foreign currencies
EUR/JPY 17.5 18.4 10.5 0.7 0.1 -0.4
EUR/USD 0.0 11.8 0.0 0.0 -1.0 0.0
EUR/Other currencies 1.6 2.0 0.9 0.1 0.0 0.0
Purchase of USD against foreign
currencies
USD/BRL 64.7 55.6 43.6 3.2 -3.1 -3.3
USD/ARS 39.0 30.9 0.0 -0.3 0.1 0.0
USD/RUB 9.6 11.3 0.0 0.1 -0.3 0.0
USD/Other currencies 0.4 4.4 0.0 0.0 -0.1 0.0
Sale of USD against foreign currencies
USD/CNY 32.3 32.6 16.0 0.0 0.0 -0.3
USD/IDR 8.3 18.5 12.7 0.0 0.1 0.3
Other currency pairs
ARS/BRL 24.4 35.6 0.0 -2.0 0.9 0.0
JPY/CNY 12.7 8.7 4.4 -0.1 0.3 0.0
Other currencies 5.6 4.8 3.2 -0.2 0.0 -0.1
Currency futures total 982.5 852.0 425.2 -18.3 -23.6 -14.2
Currency options
USD/EUR 48.5 45.3 0.0 1.1 3.0 0.0
GBP/EUR 9.0 5.5 5.1 0.2 0.3 0.2
EUR/CNY 33.4 36.0 0.0 0.8 1.6 0.0
EUR/BRL 22.3 26.4 4.0 1.6 1.8 0.0
Other currencies/EUR 19.6 11.8 1.5 0.8 0.4 0.0
Currency options total 132.8 125.0 10.6 4.5 7.1 0.2
Of which total options purchased 132.8 125.0 10.6 4.5 7.1 0.2
Of which total options sold 0.0 0.0 0.0 0.0 0.0 0.0
Total instruments 1,115.3 977.0 435.8 -13.8 -16.5 -14.0
Total options sold correspond exclusively to the resale of previously purchased options when it appeared appropriate to replace
them with other hedging instruments.