PSA_GROUP_REGISTRATION_DOCUMENT_2017
CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2017 Notes to the consolidated financial Statements at December 2017
Hedging Instruments: Finance Companies B. The different types of hedges and their accounting treatment are described in Note 12.7.B.
The Group does not hedge its net investment in foreign operations. In view of the Group’s hedging policy of the operational currency positions, a change in exchange rates at the level of the finance companies would not have any material impact on consolidated profit or equity. Impact of hedging instruments on income and equity IMPACT OF FAIR VALUE HEDGES
2017
2016
(in million euros)
Gains and losses on remeasurement of hedged customer loans recognised in profit or loss Gains and losses on remeasurement of hedges of customer loans recognised in profit or loss Gains and losses on remeasurement of financial liabilities recognised in profit or loss Gains and losses on remeasurement of hedges of financial liabilities recognised in profit or loss NET IMPACT ON INCOME (LOSS)
-
1
- -
(2) (1)
6
10
(12) (6)
(10)
NET IMPACT ON INCOME (LOSS)
-
The hedging has no effect on equity (other components of comprehensive income).
FINANCIAL INSTRUMENTS 13.5. Financial instruments reported in the balance sheet A.
31 December 2017
Analysis by class of instrument
Instruments at fair value
Available- for-sale financial assets
Loans, receivables and other liabilities
through profit or loss
Borrowings at amortised cost
Carrying amount
Fair value
Derivative instruments
(in million euros)
Other non-current financial assets
23 23 103 103
23 101
-
- -
- -
- -
Other non-current assets
2
Loans and receivables - finance companies Short-term investments - finance companies
331
331
-
-
331
-
-
114 114 85 85 320 320 976 976 415 415
114
- - - - - -
-
- - - -
-
Other receivables
-
83
2
Cash and cash equivalents
320 558
-
-
ASSETS
2
414
2
Financing liabilities - finance companies
- - -
-
415
-
Other payables
81
80 80
-
1
81
LIABILITIES
496 496
415
1
Information about financial assets and liabilities measured at fair value B. The fair values of the marketable securities held by finance companies are at level 2. Information about financial assets and liabilities not measured at fair value C.
31 December 2017
Fair value level
Carrying amount
Fair value
Level 1
Level 2
Level 3
(in million euros)
Assets Loans and receivables - finance companies Liabilities Financing liabilities - finance companies
331
331
-
-
331
406
406
256
-
150
222
GROUPE PSA - 2017 REGISTRATION DOCUMENT
Made with FlippingBook - Online catalogs