NEOPOST_REGISTRATION_DOCUMENT_2017

5

Financial statements

Consolidated financial statements

2018 BUDGET: HEDGING OF ANTICIPATED POSITIONS

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

Notional value – Total

USD

-

19.2

19.5

-

-

23.0

GBP

-

3.0

2.0

-

-

4.0

CAD

-

1.2

1.2

-

-

2.1

NOK

-

5.5

6.5

-

-

13.0

JPY

-

300.0

550.0

-

-

900.0

SEK

-

7.5

11.0

-

-

22.0

DKK

-

8.5

-

-

-

-

CZK

120.0

-

-

40.0

20.0

-

AUD

-

3.5

5.5

-

-

9.5

At year-end, the operations shown in the above table are broken down as follows:

Notional value –  Cash flow hedging

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

USD

-

19.2

19.5

-

-

11.5

GBP

-

3.0

2.0

-

-

2.0

CAD

-

1.2

1.2

-

-

1.2

NOK

-

5.5

6.5

-

-

6.5

JPY

-

300.0

550.0

-

-

550.0

SEK

-

7.5

11.0

-

-

11.0

DKK

-

8.5

-

-

-

-

CZK

120.0

-

-

20.0

20.0

-

AUD

-

3.5

5.5

-

-

5.5

Notional value – Ineffective  portion of hedge instruments

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

USD

- 

- 

-

-

-

11.5

GBP

- 

- 

-

-

-

2.0

CAD

- 

- 

-

-

-

1.0

NOK

- 

- 

-

-

-

6.5

JPY

- 

- 

-

-

-

350.0

SEK

- 

- 

-

-

-

11.0

CZK

- 

- 

-

20.0

-

-

AUD

- 

- 

-

-

-

4.0

151

REGISTRATION DOCUMENT 2017 / NEOPOST