REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES,
FINANCIAL POSITION AND PROFITS AND LOSSES
20.1 CONSOLIDATED FINANCIAL STATEMENTS FOR 2007, 2006 AND 2005
NOTE 33: FINANCIAL INSTRUMENTS
Reconciliation by class of instrument and accounting category
(in € millions)
Assets
carried at
fair value
through
profit or loss
Hedging
instruments
carried at fair
value with
changes
recognized in
equity
Loans and
receivables
Liabilities
carried at
amortized
cost
Carrying
amount
At December 31, 2007
Cash .................................. 80,112 80,112 80,112
Marketable securities .................. 154,668 154,668 154,668
Trade receivables ...................... 81,142 81,142 81,142
Other receivables ...................... 59,437 59,437 59,437
Other long-term financial assets .......
Long-term financial liabilities (excl.
44 1,939 1,983 1,983
OCEANE bonds) ...................
Short-term financial liabilities (excl.
(802) (21,478) (22,280) (22,280)
OCEANE bonds) ................... (4,858) (19,024) (23,882) (23,882)
OCEANE bonds ....................... (309,201) (309,201) 38
Other non-current liabilities ........... (9,244) (9,244) (9,244)
Other current liabilities ................ (235,111) (235,111) (235,111)
Total carrying amount ...............
At December 31, 2006
234,824 (5,660) 142,518 (594,058) (222,376) N/A
Cash .................................. 275,270 275,270 275,270
Marketable securities .................. 4,270 4,270 4,270
Trade receivables ...................... 67,355 67,355 67,355
Other receivables ...................... 55,420 55,420 55,420
Other long-term financial assets ....... 322 3,814 4,136 4,136
Other short-term financial assets .......
Long-term financial liabilities (excl.
325 325 325
OCEANE bonds) ...................
Short-term financial liabilities (excl.
(7,458) (7,458) (7,458)
OCEANE bonds) ................... (7,239) (7,239) (7,239)
OCEANE bonds ....................... (299,123) (299,123) *
Other non-current liabilities ........... (11,501) (11,501) (11,501)
Other current liabilities ................ (275,423) (275,423) (275,423)
Total carrying amount ............... 279,862 126,914 (600,744) (193,968) N/A
The main components of each financial instrument category and the applicable measurement methods are as
follows:
• Assets carried at fair value through profit or loss primarily correspond to cash and cash equivalents. They are
measured by reference to a quoted market price in an active market where such a market exists.
• Loans and receivables primarily comprise trade and other receivables.
• Liabilities carried at amortized cost – calculated using the effective interest method – essentially correspond
to borrowings, trade payables and other current and non-current liabilities.
• Derivative instruments are carried at fair value with changes in fair value recognized either directly in the
income statement or in equity when hedge accounting is applied.
38 The Group was unable to determine the fair value of these bonds at the balance sheet date as they are not listed on a regulated market and
have a low trading volume.
Fair
value
Iliad – Registration Document 2007 - 147