Page 50 - Financial report 2011

LISI 2011 — 50 — financial report
Consolidated financial statements
2.5.1.3 Investments
Financial assets and liabilities recorded on the balance sheet are broken down into the following accounting categories and classes of financial
instruments:
Financial assets and liabilities recorded
on balance sheet
(In €’000)
At 12/31/2011 Breakdown by instrument category
Net value
value
Fair value Fair value
via earnings
Assets
available
for sale
Loans and
receivables
Debt at
depreciated
cost
Instruments
derivatives
Long-term financial assets 5,642 5,642 5,642
Other long-term financial assets 24 24 24
Trade and other receivables 158,847 158,847 158,847
Short-term investments 51,882 51,882 50,605 1,277
Cash and cash equivalents 45,675 45,675 45,675
Total financial assets 262,070 262,070 96,304 164,489 1,277
Long-term borrowings 136,408 136,408 1,062 135 346
Other long-term financial liabilities
(excl. PCA)
4,237 4,237 4,237
Short-term borrowings 63,788 63,788 63,788
Trade and other accounts payable 194,711 194,711 194,711
Total financial liabilities 399,144 399,144 1,062 398,837
Financial assets and liabilities recorded
on balance sheet
(In €’000)
At 12/31/2010 Breakdown by instrument category
Net value
value
Fair value Fair value
via earnings
Assets
available
for sale
Loans and
receivables
Debt at
depreciated
cost
Instruments
derivatives
Long-term financial assets 5,394 5,394 5,394
Other long-term financial assets 63 63 63
Trade and other receivables 126,721 126,721 126,721
Short-term investments 58,619 58,619 58,619
Cash and cash equivalents 22,261 22,261 22,261
Total financial assets 213,058 213,058 80,943 132,115
Long-term borrowings 72,647 72,647 307 72,340
Other long-term financial liabilities
(excl. PCA)
1,022 1,022 1,022
Short-term borrowings 25,709 25,709 25,709
Trade and other accounts payable 162,440 162,440 162,440
Total financial liabilities 261,818 261,818 307 261,511
The IFRS 7 standard requires the hierarchical ordering of the different
valuation techniques used for each of the financial instruments. The
categories are defined as follows:
Level 1: Direct reference to published prices of a market asset,
Level 2: Valuation technique based on measurable data,
Level 3: Valuation technique based on non-observable data.
Classification of fair value by hierarchical level:
(In €’000)
December 31, 2011
Level 1 Level 2 Level 3
Long-term financial assets 5,642 – –
Other long-term financial
assets 24 – –
Trade and other receivables 158,847 – –
Short-term investments 51,882 – –
Cash and cash equivalents 45,675 – –