SwissInfo

CONSOLIDATED FINANCIALSTATEMENTS
BarryCallebaut
Annual Report2010/11
as of August 31, 2010
Loans and
receivables
Fair value
through profit
and loss –
trading 1
Financial
liabilities at
amortized
cost
Derivatives
Available used in
for sale hedging
Total
carrying
amount
Fair value
in thousands of CHF
Cash equivalents 17,360 17,360 17,360
Short-term deposits 750 750 750
Trade receivables 314,638 314,638 314,638
Derivative
financial assets 306,073 64,507 370,580 370,580
Other assets 46,650 432 47,082 47,082
Total Assets 379,398 306,073 432 64,507 750,410 750,410
Bank overdrafts 13,466 13,466 13,466
Short-term debt 175,938 175,938 175,938
Trade payables 463,973 463,973 463,973
Derivative financial
liabilities 334,590 36,469 371,059 371,059
Long-term debt 699,516 699,516 718,646
Other liabilities 240,916 240,916 240,916
Total Liabilities 334,590 1,593,809 36,469 1,964,868 1,983,998
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
Fair value – hierarchy
Thefair value measurements of financial assets and liabilities areclassified using afair value
hierarchy that reflects the significance of the inputs used in making the measurements.The
fair value hierarchy has the following levels:
•Level 1: Thefair value is based on unadjusted, quoted prices in active markets which gives
the best possible objective indication for the fair value of a financial asset or liability.
•Level 2: The estimation of the fair value is based on the results of avaluation model.
The valuation model for commodity derivatives includes quoted prices in active markets,
recent arm’s length transactions or dealer and supplier quotes adjusted for the specific
characteristics of the underlying commodities such as the cost of carry,differentials for the
properties and conversion yields. Corroborated market data is used for the valuation of
foreign exchange and interest rate derivatives.
•Level 3: The valuation models used are based on parameters and assumptions not
observable on the market.
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