TELEPERFORMANCE_Registration_document_2017
CONSOLIDATED FINANCIAL STATEMENTS
7
7.6 Notes to the consolidated financial statements
At Decemberb31 st , 2017, the fair value of derivative financial instruments amounted to -€1.7bmillion (Decemberb31 st , 2016: -€37.7bmillion) of which €9.0bmillion is presented in Other financial assets, €5.7bmillion in Other current liabilities and €5.0bmillion in Other financial liabilities.
Counterparty credit risk (Credit Value Adjustmentb– CVA) and own credit risk (Debt Value Adjustmentb– DVA) are taken account of in the fair values of hedging instruments, but the amounts are not significant.
NOTE G.6 Carrying amount and fair value of financial assets and financial liabilities by category
The fair value hierarchy is made up of three levels:
■ level 2: inputs other than quoted prices included within Level 1bthat are observable for the asset or liability, either directly ( i.e . as prices) or indirectly ( i.e . derived from prices); ■ level 3: unobservable inputs for the asset or liability.
■ level 1: unadjusted quoted prices in active markets for identical assets or liabilities that the entity can access at the measurement date;
The following schedules show the carrying amounts of financial assets and financial liabilities and their fair values, by level of hierarchy:
Accounting category
Fair value
Financial instruments at fair value through profit or loss
Financial liabilities at amortized cost
Derivative financial instruments
Loans and receivables
12/31/2017
Total
Total
Lev 1 Lev 2 Lev 3
FINANCIAL INSTRUMENTS: ASSETS I - Financial assets at fair value Exchange rate hedging instruments
b
b
b
b
b
b
b
b
b
32
9 9
0
0 41 32
9 9
0 41
9
9
b
b b
b b
b
b b
32
32
Marketable securities
32
b
32
b
II - Financial assets at amortized cost
0
0
1,270
0 1,270 253 1,017
0 1,270
11
11
Loans
b b b b b b
b b b b b b
11
b b b b b b
b b b b b
11
b b b b b b
8 9
8 9
Guarantee deposits Indemnificationbasset
8 9
8 9
896
896
Accounts receivable - Trade
896
896
93
93
Other assets Cash and bank
93
93
253
253
253
253
b
FINANCIAL INSTRUMENTS: LIABILITIES I - Financial liabilities at fair value
0
11
0
0 11
0 11
0 11
5 6
5 6
Loan hedging instruments
b b
5 6 0
b b
b b
b b
5 6
b b
Exchange rate hedging instruments
II - Financial liabilities at amortized cost
0
2
2,173 2,175
2 2,173
0 2,175
418 105 480 600
418 105 480 600
Bank loans
b b b b b b b b
b b b b b b b b
b b b b b
418 105 480 600
b b b b b
418 105 480 600
b b b b b b b b
Commercial paper
USPP loans
Bond
11
11
Other financial liabilities
11
11
2
2
Bank overdrafts and advances Accounts payable - Trade
2
b
2
b
140 419
140 419
b b
140 419
b b
140 419
Other liabilities
196
Teleperformance bb - bb Registration documentbb 2017
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