Annual report 2008 - Altarea Cogedim

CONSOLIDATED FINANCIAL STATEMENTS
13.21. Financial instruments and market risks
In its operating and financing activities, the Group is exposed to interest-rate risk, liquidity risk, counterparty risk and currency
risk.
To reduce and manage its exposure to changes in interest rates, ALTAREA uses derivatives accounted for at fair value.
n Financial instruments by category
• At 31 December 2008
(in € thousand)
Total carrying
amount
Other liabilities
Assets
available for
sale
Assets and
liabilities
at fair value
through profit
and loss
Loans and
advances
NON–CURRENT ASSETS
Participating interests 264 – 264 – –
Other assets maturing in more than 1 year 25,521 – – – 25,521
CURRENT ASSETS
Trade accounts receivable 155,695 – – – 155,695
Advances and downpayments paid 27,610 – – – 27,610
Other receivables due in less than 1 year 190,047 – – – 190,047
Principal accounts in debit 9,190 – – – 9,190
Other financial assets due in less than 1 year 158 – – 156 2
Derivative financial instruments 5,404 – – 5,404 –
Cash and cash equivalents 295,891 – – 219,198 76,694
NON–CURRENT LIABILITIES
Borrowings and financial liabilities 2,056,491 2,056,491 – – –
of which financial liabilities guaranteed by shareholders – Portion due in more than 1 year – – – – –
of which participating loan 24,843 24,843 – – –
of which borrowings and financial liabilities vis–à–vis credit institutions 1,992,623 1,992,623 – – –
of which borrowings and bank liabilities matching VAT receivables 10,957 10,957 – – –
of which other borrowings and financial liabilities 28,068 28,068 – – –
Deposits and security interests received 22,975 22,975 – – –
Other financial liabilities 2,267 2,267 – – –
CURRENT LIABILITIES
Borrowings and financial liabilities 224,251 224,251 – – –
of which financial liabilities guaranteed by shareholders – Portion due in less than 1 year – – – – –
of which participating loan – – – – –
of which borrowings and financial liabilities vis–à–vis credit institutions 211,231 211,231 – – –
of which borrowings and bank liabilities matching VAT receivables 1,216 1,216 – – –
of which other borrowings and financial liabilities 11,804 11,804 – – –
Derivative financial instruments 82,242 – – 82,242 –
Principal accounts in credit 9,190 9,190 – – –
Trade payables and other accounts payable 610,181 610,181 – – –
Amounts due to shareholders – – – – –
146