Financial Report and Registration Document 2010 - Groupe Seb

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CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(in € millions)
ASSETS
Carrying
amount
2009 Financial instruments by category
Fair value
At fair value
through
profit (excl.
derivatives)
Available for
sale
Loans and
receivables
Held to
maturity
Derivative
instruments
Investments in non-consolidated companies 0.5 0.5 0.5
Other non-current financial assets 7.3 7.3 7.3
Other non-current assets 5.0 5.0 5.0
Trade receivables 627.1 627.1 627.1
Other current receivables,
excl. prepaid expenses 44.3 44.3 44.3
Derivative instruments 5.2 5.2 5.2
Cash and cash equivalents 307.8 307.8 307.8
TOTAL FINANCIAL ASSETS 997.2 997.2 307.8 0.5 683.7 5.2
LIABILITIES
Long-term borrowings 301.1 312.1 312.1
Other non-current liabilities 23.7 23.7 23.7
Trade payables 398.0 398.0 398.0
Other current liabilities 195.7 195.7 195.7
Derivative instruments 13.8 13.8 13.8
Short-term borrowings 246.7 246.7 246.7
TOTAL FINANCIAL LIABILITIES 1,179.0 1,190.0 1,176.2 13.8
2008 Financial instruments by category
At fair value
through
Carrying
profit (excl. Available for Loans and
(in € millions)
amount Fair value derivatives)
sale receivables
ASSETS
Investments in non-consolidated companies 0.7 0.7 0.7
Other non-current financial assets 9.9 9.9 9.9
Other non-current assets 3.2 3.2 3.2
Trade receivables 645.6 645.6 645.6
Other current receivables,
excl. prepaid expenses 46.0 46.0 46.0
Held to
maturity
Derivative
instruments
Derivative instruments 12.0 12.0 12.0
Cash and cash equivalents 224.6 224.6 224.6
TOTAL FINANCIAL ASSETS 942.0 942.0 224.6 0.7 704.7 12.0
LIABILITIES
Long-term borrowings 213.5 213.5 213.5
Other non-current liabilities 36.4 36.4 36.4
Trade payables 366.3 366.3 366.3
Other current liabilities 158.8 158.8 158.8
Derivative instruments 51.2 51.2 51.2
Short-term borrowings 661.5 660.6 660.6
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TOTAL FINANCIAL LIABILITIES 1,487.7 1,486.8 1,435.6 51.2
The fair value of trade and other receivables (classified as held-to-maturity
investments) is equivalent to their carrying amount, in view of their short
maturities.
Non-current financial assets consist mainly of investments in non-consolidated
companies, certain receivables related to those investments and operating
receivables due beyond one year.
Financial assets that are not quoted in an active market are recognised in the
balance sheet at cost, which is representative of their fair value.
Borrowings that are not quoted in an active market are measured by the
discounted cash flows method, applied separately to each individual facility,
based on market rates observed at the period-end for similar facilities and
the average spread obtained by the Group for its own issues.
Other fi nancial liabilities consist mainly of accrued taxes and employee
benefits expense, which are due within one year.
GROUPE SEB
FINANCIAL REPORT AND REGISTRATION DOCUMENT 2010
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