SwissInfo

CONSOLIDATED FINANCIALSTATEMENTS
BarryCallebaut
Annual Report2010/11
As of August 31, 2010, inventories carried at fair value less costs to sell amounted to
CHF 941.8 million (as of August 31, 2011, the Group did not have inventories carried at fair
value less costs to sell due to the related change of the accounting policy).
As of August 31, 2011, inventories amounting to CHF 16.1 million (2010: CHF 19.1 million)
are pledged as security for financial liabilities.
In fiscal year 2010/11, inventory write-downs of CHF 3.5 million wererecognized as expenses
(2009/10: CHF 4.8 million).
14 Derivativefinancial instruments and hedging activities
as of August 31, 2011 2010
in thousands of CHF
Derivative
financial
assets
Derivative
financial
liabilities
Derivative
financial
assets
Derivative
financial
liabilities
Cash flow hedges
Interest rate risk
Swaps – – – 7,030
Fair value hedges
Sales and inventoryprice risk
(Cocoa/other ingredients)
Forwardand futures contracts – – 41,175 13,290
Foreign exchangerisk
Forwardand futures contracts 10,540 10,137 23,332 16,149
Other – no hedgeaccounting
Rawmaterials
Forwardand futures contractsand other
derivatives 184,856 107,081 256,285 267,420
Foreign exchangerisk
Forwardand futures contracts 50,528 26,318 49,788 63,744
Interest rate risk
Swaps – – – 3,426
Total derivative financial assets 245,924 370,580
Total derivative financial liabilities 143,536 371,059
Derivative financial instruments consist of items used in hedge relationships and derivatives,
for which no hedge accounting is applied.
Fordetailed information on fair value measurement refer to note 27,“Fair value –hierarchy”.
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