Connect - Schneider Electric

5 CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL
Note 26 Financial instruments
The Group uses fi nancial instruments to manage its exposure to fl uctuations in interest rates, exchange rates and metal prices. Exposure to
these risks is described in the chapter on risk factors in the Registration Document.
26.1 – Carrying amount and nominal amount of derivative financial instruments
200 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
Dec 31, 2010 Dec 31, 2011 Dec 31, 2011
Change over the period
Nominal amount
IFRS Carrying Statement of
Carrying
designation amount income amount
(1) Equity (2) Other (3) Sale Purchase
Foreign exchange
Futures - cash fl ow hedges CFH* (95) 27 16 (7) (59) 194 (1,404)
Futures - net investment hedges NIH* 9 - (59) - (50) 1,633
Futures - hedges of balance sheet Trading/
items
Metal prices
FVH* (24) (60) - - (84) 2,632 (1,637)
Futures and options
Share-based payment
CFH* 14 - (26) - (12) (171)
Call options CFH* 53 (2) (17) - 34 (136) (4)
Interest rates
Swaps on credit lines CFH*/FVH* (24) (3) 13 - (14) (1,131)
DERIVATIVES FINANCIAL
INSTRUMENTS (67) (38) (73) (7) (185)
* Cash fl ow hedge/Fair value hedge/Net investment hedge.
(1) Gains and losses on hedging instruments for the period are offset by changes in the fair value of the underlying, which are also
recognised in net result.
(2) Reported in equity under Retained earnings or Translation adjustment.
(3) Telvent’s acquisition impact.
(4) 3,300,894 Schneider Electric stocks are hedged in relation to Stock Appreciation Rights granted to US employees.
The carrying amount refl ects the fair value of fi nancial instruments.