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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
205
Registration Document 2016 — Capgemini
Financial instrument classification and fair value hierarchy
The following table presents the net carrying amount of financial assets and liabilities and the fair value of financial instruments broken
down according to the three classification levels defined above (except for financial instruments where the net carrying amount represents
a reasonable approximation of fair value).
December 31, 2016
(in millions of euros)
Notes
Net carrying amount
Fair value
Fair value
Amortized
cost
Level 1
Level 2
Level 3
Financial assets
Shares in non-consolidated companies and in
associates
18
4
4
Long-term deposits, receivables and other
investments
18
119
Other non-current assets
18
131
current
Asset derivative instruments non-current and
18 -20
269
269
Accounts and notes receivables
19
3,074
Other current rassets
20
478
Cash management assets
21
157
157
Cash and cash equivalents
21
1,879
1,879
Financial liabilities
Bonds
21
3,260
Obligations under finance leases
21
100
other borrowings, net
Draw-downs on bank and similar facilities and
21
43
Other non-current and current liabilities
26
278
Liability derivative instruments non-current and
current
26
89
89
Accounts and notes payable
27
2,818
Bank overdrafts
21
9
9
Other non-current assets
Note 18
At December 31
(in millions of euros)
Notes
(1)
2015
2016
Long-term deposits, receivables and other investments
96
119
Derivative instruments
23
228
120
Non-current tax receivables
88
83
Other
45
52
OTHER NON-CURRENT ASSETS
22
457
374
Certain reclassifications have been made to 2015 amounts to conform to current year presentation. These reclassifications had no impact on net income nor on net cash flows.
(1)
security deposits and guarantees relating to leases.
Long-term deposits, receivables and other investments consist
mainly of
aides à la construction
(building aid program) loans and
instruments contracted as part of the centralized management of
currency risk in the amount of €120 million (current portion of
Derivative instruments consist of the fair value of derivative
option on own shares purchased by Cap Gemini S.A. on
October 18, 2013, valued at €162 million. This option was
€145 million, see Note 20, Other current assets”). At
December 31, 2015, derivative instruments also included the call
bonds (see Note 21 – Net debt / Net cash and cash equivalents).
exercised in 2016 on the early redemption of the ORNANE 2013
€56 million (€58 million at December 31, 2015).
research tax credit receivables and competitiveness and
employment tax credit receivables in France in the amount of
At December 31, 2016, non-current tax receivables include