Registration Document
Registration Document
Registration Document
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06<br />
Consolidated information<br />
Notes to the Consolidated Financial Statements<br />
4.22 Financial instruments<br />
The table below presents the categories of financial<br />
instruments, their carrying value, and their fair<br />
value, by balance sheet item.<br />
Financial assets<br />
(in millions of euro) Category Note<br />
Cash and cash<br />
equivalents<br />
Restricted cash<br />
and financial<br />
assets related to<br />
the Motivation<br />
Solutions activity<br />
Clients and other<br />
receivables<br />
Other financial<br />
assets<br />
Sodexo <strong>Registration</strong> <strong>Document</strong> Fiscal 2011<br />
The levels used for the classification of financial<br />
instruments are as follows:<br />
• Level 1: Instruments traded on an active market;<br />
• Level 2: Instruments measured through inputs<br />
other than quoted prices included within Level 1<br />
and that are observable;<br />
• Level 3: All other instruments.<br />
August 31, 2011 Level for instruments at fair value<br />
Carrying<br />
value<br />
Fair<br />
value Level 1 Level 2 Level 3 Total<br />
Financial assets at fair value<br />
through profit and loss 4.14 445 445 24 421 445<br />
Available-for-sale financial<br />
assets<br />
Loans and receivables<br />
4.11 622 622 93 529 622<br />
at amortized cost<br />
Available for sale financial<br />
4.13 3,142 3,142<br />
assets<br />
Loans and receivables<br />
4.11 37 37<br />
at amortized cost<br />
Financial assets at fair value<br />
4.11 87 87<br />
through profit and loss 4.11 0 0<br />
Derivative financial<br />
instruments, assets 4.17 2 2 2 2<br />
Financial liabilities<br />
(in millions of euro) Category Note<br />
Bond issues (1)<br />
Bank borrowings<br />
Other borrowings<br />
and financial debts<br />
Bank overdrafts<br />
Trade and other<br />
payables<br />
Vouchers payable<br />
August 31, 2011 Level for instruments at fair value<br />
Carrying<br />
value<br />
Financial liabilities<br />
at amortized cost<br />
Financial liabilities<br />
4.16 1,428 1,543<br />
at amortized cost<br />
Financial liabilities<br />
4.16 881 881<br />
at amortized cost<br />
Financial liabilities<br />
4.16 105 105<br />
at amortized cost<br />
Financial liabilities<br />
23 23<br />
at amortized cost<br />
Financial liabilities<br />
4.20 3,125 3,125<br />
at amortized cost 2,421 2,421<br />
Carrying<br />
value Level 1 Level 2 Level 3 Total<br />
Derivative<br />
instruments,<br />
liabilities 4.17 11 11 11 11<br />
(1) Fair value is calculated on the basis of listed bond prices as of August 31, 2011.<br />
There was no transfer between the different levels between Fiscal 2010 and 2011.<br />
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