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Friday, February 19, 2016
December 31, 2014
Notional amounts
Fair value
(in millions of euros) Total USD PLN GBP Other Assets Liabilities
Sales against the euro (1,233) (52) (56) (1,062) (63) 2 (19)
Purchases against the euro 1,908 717 51 1,020 120 40 (2)
Other - 59 - 1 (60) 1 -
675 724 (5) (41) (3) 43 (21)
Breakdown by accounting category of foreign currency hedging instruments
Cash Flow Hedge
Sales against the euro (67) (9) (45) (2) (11) 2 (1)
Purchases against the euro 33 33 - - - 2 -
Other - - - - - - -
(34) 24 (45) (2) (11) 4 (1)
Fair Value Hedge
Sales against the euro (68) (43) (11) (14) - - (1)
Purchases against the euro 275 275 - - - 14 -
Other - 3 - 1 (4) - -
207 235 (11) (13) (4) 14 (1)
Net Investment Hedge
Sales against the euro (1,046) - - (1,046) - - (17)
(1,046) - - (1,046) - - (17)
Economic Hedging (a)
Sales against the euro (52) - - - (52) - -
Purchases against the euro 1,600 409 51 1,020 120 24 (2)
Other - 56 - - (56) 1 -
1,548 465 51 1,020 12 25 (2)
a. The economic hedging instruments relate to derivative financial instruments which are not eligible for hedge accounting pursuant to
IAS 39.
19.7 Derivative financial instruments
Value on the Statement of Financial Position
December 31, 2015 December 31, 2014
(in millions of euros) Note Assets Liabilities Assets Liabilities
Interest rate risk management 19.5 49 (9) 75 (12)
Foreign currency risk management 19.6 39 (40) 43 (21)
Other 27 (483) (a) 21 -
Derivative financial instruments 115 (532) 139 (33)
Deduction of current derivative financial instruments (47) 521 (40) 21
Non-current derivative financial instruments 68 (11) 99 (12)
a. Related to the collar hedge denominated in USD on Vivendi’s interest in Activision Blizzard. This instrument was unwound on
January 13, 2016 (please refer to Note 12).
Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi /86