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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
216
Registration Document 2016 — Capgemini
At December 31, 2016, the euro-equivalent value of forward purchase and sale foreign exchange contracts breaks down by transaction
type and maturity as follows:
in millions of euros
<6 months
>6 months and
<12 months >12 months
Total
Operating transactions
1,344
1,027
1,793
4,164
o/w
fair value hedge
■
388
-
-
388
cash flow hedge
■
956
1,027
1,793
3,776
Financial transactions
258
47
949
1,254
o/w
fair value hedge
■
258
47
-
305
cash flow hedge for the interest rate
■
component and fair value hedge
for the exchange rate component
-
-
949
949
TOTAL
1,602
1,074
2,742
5,418
Hedges contracted in respect of operating transactions mainly
comprise forward purchase and sale foreign exchange contracts
(INR182,000 million), US dollars (USD1,084 million) and Polish
zloty (PLN1,124 million).
maturing between 2017 and 2020 with an aggregate
euro-equivalent value at closing exchange rates of €4,164 million
(€3,072 million at December 31, 2015). The hedges were chiefly
taken out in respect of transactions in Indian rupee
The maturities of the hedges range from 1 to 37 months and the
main counterparty is Cap Gemini S.A. (for a euro-equivalent value
of €4,129 million).
Hedges contracted in respect of financial transactions concern
Cap Gemini S.A. in the amount of €1,254 million at December 31,
The residual balance primarily corresponds to loans denominated
in US dollars and Swedish krona.
2016. They mainly comprise hedged inter-company loans for
€1,241 million (€1,356 million at December 31, 2015), including
€949 million in respect of EUR/USD fix-to-fix cross-currency
swaps (see Note 2, Consolidation principles and Group structure).
primarily concerns the Group’s internal financing activity.
The Group’s overall exposure to currency risk on assets/liabilities
in millions of euros
December 31, 2016
US dollar
Swedish
krona Indian rupee
Other
currencies
Total
Assets
245
8
-
247
500
Liabilities
(1,098)
(130)
(151)
(226)
(1,605)
Net exposure in the Consolidated Statement
of Financial Position
(1,105)
Hedging derivatives
946
NET EXPOSURE
(159)
in millions of euros
December 31, 2015
US dollar
Swedish
krona Indian rupee
Other
currencies
Total
Assets
377
8
1
228
614
Liabilities
(1,062)
(135)
(96)
(183)
(1,476)
Net exposure in the Consolidated Statement
of Financial Position
(862)
Hedging derivatives
766
NET EXPOSURE
(96)