DANONE - Registration document 2015

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4.1 CONSOLIDATED FINANCIAL STATEMENTS AND NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 12. Organization of financial risks and derivatives management
DANONE REGISTRATION DOCUMENT 2015 132
Note 12.8. Reconciliation of the consolidated balance sheet by class and accounting category
(in € millions)
Assets
recorded at
fair value
Assets
available
for sale
Loans
and recei-
vables
Liabilities
recorded at
fair value
Liabilities at
amortized
cost
Carrying
amount
Fair
value
Fair value
level (c)
As of December 31, 2015
Financial assets
Investments in other
non-consolidated companies − 70 − − − 70 70 1-3
Long-term loans and other
long-term financial assets − 189 15 − − 204 204 1-3
Derivatives – assets (a) 245 − − − − 245 245 2
Trade receivables (b) − − 2,230 − − 2,230 2,230 –
Other current assets (b) 70 − 959 − − 1,029 1,029 –
Short-term loans − − 40 − − 40 40 –
Money market funds 2,003 − − − − 2,003 2,003 1
Other short-term investments 512 − − − − 512 512 2
Cash and cash equivalents 519 − − − − 519 519 1
Carrying amount of financial
assets by category 3,350 259 3,244 − − 6,852 6,852
Financial liabilities
Financing − − − 986 9,223 10,209 11,379 2
Derivatives – liabilities (a) − − − 7 − 7 7 2
Liabilities related to put options
granted to non-controlling
interests − − − 862 − 862 862 3
Trade payables(b) − − − 3,334 3,334 3,334 –
Other current liabilities (b) − − − 33 2,826 2,859 2,859 –
Carrying amount of financial
liabilities by category − − − 1,888 15,383 17,271 18,441
As of December 31, 2014
Financial assets
Investments in other
non-consolidated companies − 92 − − − 92 92 1-3
Long-term loans and other
long-term financial assets − 201 26 − − 228 228 1-3
Derivatives – assets (a) 181 − 181 181 2
Trade receivables (b) − 1,900 − − 1,900 1,900 –
Other current assets (b) 86 − 400 − − 486 486 –
Short-term loans − 30 − − 30 30 –
Money market funds 1,838 − − − − 1,838 1,838 1
Other short-term investments 479 − − − − 479 479 2
Cash and cash equivalents 880 − − − − 880 880 1
Carrying amount of financial
assets by category 3,464 293 2,356 − − 6,113 6,113
Financial liabilities −
Financing − − − 213 8,356 8,569 8,835 2
Derivatives – liabilities (a) − − − 14 − 14 14 2
Liabilities related to put options
granted to non-controlling
interests − − − 2,558 − 2,558 2,558 3
Trade payables(b) − − − − 3,334 3,334 3,334 –
Other current liabilities (b) − − − 169 2,572 2,741 2,741 –
Carrying amount of financial
liabilities by categories − − − 3,621 13,595 17,217 17,468
(a) Derivative instruments used to manage net debt.
(b) The carrying amount corresponds to the fair value given the short-term nature of these items.
(c) Valuation hierarchy used to assess fair value.