SCH2017_DRF_EN_Livre.indb

5 Consolidated financial statements at December 31, 2017 Notes to the consolidated financial statements

Financial instruments

NOTE 26

The Group uses financial instruments to manage its exposure to fluctuations in interest rates, exchange rates and metal prices.

26.1 – Balance sheet exposure

Dec. 31, 2017

Breakdown by category (IFRS 9)

Financial liabilities measured at amortized cost

Financial assets measured at amortized cost

Fair value through equity

Fair value through P&L

Fair Value

ASSETS Listed financial assets

26 94 35

-

26

- - -

- - - - - - - - - - - - -

Venture capital (FCPR)/Mutual funds (SICAV)

94

-

Other Unlisted financial assets Other non-current financial assets TOTAL NON-CURRENT ASSETS

- -

35

281 436

-

281 281

94

61

Trade accounts receivable Current financial assets

5,763

-

- - -

5,763

32

32

- - - - - - - - - - - - - - - - - -

Marketable securities

1,393

1,393

Derivative instruments – foreign currencies Derivative instruments – interest rates Derivative instruments – commodities

111

95

16

-

- -

-

12 12

12

Derivative instruments – shares TOTAL CURRENT ASSETS LIABILITIES Long-term portion of bonds*

12

-

7,323

1,532

28

5,763

(5,953)

- - - - - - - - - -

- - - - - - - - - - - -

(5,953)

Other long-term debt

(24)

(24)

TOTAL NON-CURRENT LIABILITIES

(5,977)

(5,977)

Short-term portion of bonds*

(749) (942)

(749) (942)

Short-term debt

Trade accounts payable

(4,206)

(4,206)

Other

(37) (77)

(37)

Derivative instruments – foreign currencies Derivative instruments – interest rates Derivative instruments – commodities

(77)

- - - -

- - -

Derivative instruments – shares TOTAL CURRENT LIABILITIES

(6,011)

(77)

(5,934)

* The majority of financial instruments listed in the balance sheet are accounted at fair value, except for bonds, for which the amortized cost in the balance sheet represents EUR6,375 million compared to EUR6,702 million at fair value.

The main changes driven by the application of IFRS 9 in 2017 are described in note 1.1.

2017 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC

273