SOPRA_STERIA_REGISTRATION_DOCUMENT_2017
2017 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements
The profit or loss and equity impacts of the Group’s interest rate hedging instruments are broken down as follows:
Balance sheet amounts
Changes in fair value
Changes in fair value
Changes in scope
Other changes 31/12/2017
Equity impact
31/12/2016
Profit or loss impact
Ineffective portion of cash flow hedges
Fair value
hedges Trading
(in millions of euros)
Swaps (cash flow hedge) in euros Swaps (cash flow hedge) in foreign currency
-1.2
0.6
-
-
-0.5
0.6
-
-
-
-
-
-
-
-
-
-
-
-
Options eligible for hedge accounting in euros Options eligible for hedge accounting in foreign currency Swaps not eligible for hedge accounting in euros Options not eligible for hedge accounting in foreign currency
-0.6
-0.1
-
1.0
0.3
0.8
-0.9
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-0.2
-
-
-0.2
-
-
-
-0.2
TOTAL PRE-TAX IMPACT
-1.8
0.3
-
1.0
-0.5
1.4
-0.9
-
-0.3
The sensitivity of the interest rate derivatives portfolio to a plus or minus 50 basis point change in the euro yield curves at 31 December 2017, is as follows:
-50 bp
+50 bp
P&L impact (hedge ineffectiveness)
P&L impact (hedge ineffectiveness)
Equity impact
Equity impact
(in millions of euros)
Swaps (cash flow hedge) in euros
-0.4
- - -
0.4
- - -
Swaps (cash flow hedge) in foreign currency Swaps not eligible for hedge accounting Options eligible for hedge accounting in euros
- -
- -
-1.1
-0.8
4.9
-0.8
Options eligible for hedge accounting in foreign currency Options not eligible for hedge accounting in foreign currency
-
-
-
-
-
-0.1 -0.9 -2.5
-
0.7
TOTAL
-1.6
5.3
-0.1
i.e.
5.2
178
SOPRA STERIA REGISTRATION DOCUMENT 2017
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