SECTION 1 -

Note 21. Analysis of Financial Assets and Liabilities under IFRS 7
New Services: Historical Combined Financial Statements and Notes
December, 31, 2009
The classification of fair values by level of hierarchy is required by the standard IFRS 7 only for assets and liabilities recognized at
fair value in the balance sheet. Nevertheless, this information is detailed for all the financial assets and liabilities of the group
New Services so that the amounts of fair value presented below are comparable with those of the note 19.
At December 31, 2007, financial assets and liabilities broke down as follows by category:
(in € millions)
Held-to-maturity investments 145 145
Bonds and other negotiable debt securities 145 145 145 145
Loans and receivables 2 732 2 732
Short-term loans 1 221 1 221 1 221 1 221
Deposits 17 17 17 17
Trade receivables 1 095 1 095 1 095 1 095
Money market securities 397 397 397 397
Other 2 2 2 2
Available-for-sale financial assets 4 4
Mutual fund units convertible 4 4 4 4
Financial assets at fair value
through profit or loss
Interest rate derivatives
Currency derivatives
Cash 131 392 523 523 523
Total financial assets at December
31, 2007
(in € millions)
Financial liabilities at fair value
Currency derivatives
Interest rate derivatives
Cash and
cash
equivalents
Restricted
cash
Balance sheet category Fair value
Marketable
securities
Loans
Other non-
Trade
current
receivables
financial assets
Carrying
amount
Level 1
valuation
technique *
Level 2
valuation
technique *
Level 3
valuation
technique *
Fair value
of the
class
131 392 548 1 221 17 1 095 3 404 4 3 400 3 404
Financial liabilities at amortized cost 3 170 3 170
Bank borrowings 2 2 2 2
Other borrowings 47 134 181 181 181
Trade payables 92 92 92 92
Vouchers in circulation 2 895 2 895 2 895 2 895
Bank overdrafts 3 3 3 3
Total financial liabilities at December
31, 2007
Bank
overdrafts
Other longterm
financial
debt
Balance sheet category Fair value
Vouchers in
circulation
Short-term
financial debt
Trade
payables
Carrying
amount
Level 1
valuation
technique *
Level 2
valuation
technique *
Level 3
Fair value
valuation
of the class
technique *
3 47 2 895 136 92 3 173 3 173 3 173
212