SwissInfo

CONSOLIDATED FINANCIALSTATEMENTS
BarryCallebaut
Annual Report2010/11
Derivativefinancial assets and liabilities
The fair value measurement of some derivatives requires assumptions and management’s
assessment of certain market parameters. Whenever possible, fair valuation is based on
market prices. Ifrequired, avaluation model (including discounted cash flows, dealer or
supplier quotes for similar instruments or recent arm’s length transactions) is used which
takes into account the specificcharacteristics of the underlying assets or commodities such as
the cost of carry, differentials for the properties and technical ratios reflecting production
yield.
Carrying amount and fair value of each class of financial asset and liability are presented in
the table below.
as of August 31, 2011
Loans and
receivables
Fair value
through profit
and loss –
trading 1
Financial
liabilities at
amortized
cost
Derivatives
used in
hedging
Total
carrying
amount
Fair value
in thousands of CHF
Cash equivalents 41,977 41,977 41,977
Short-term deposits 433 433 433
Trade receivables 276,153 276,153 276,153
Derivative financial assets 235,384 10,540 245,924 245,924
Other assets 49,713 49,713 49,713
Total Assets 368,276 235,384 10,540 614,200 614,200
Bank overdrafts 17,327 17,327 17,327
Short-term debt 129,970 129,970 129,970
Trade payables 417,187 417,187 417,187
Derivative financial liabilities 133,399 10,137 143,536 143,536
Long-term debt 684,960 684,960 706,158
Other liabilities 214,990 214,990 214,990
Total Liabilities 133,399 1,464,434 10,137 1,607,970 1,629,168
1 The category “Fair value through profit and loss –trading” mainly includes derivatives held in
subsidiaries with the broker/trader status and does not mean that they are held for trading
122