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