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194 2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
ANALYSIS OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE
The fair value hierarchy in IFRS comprises three levels of inputs:
■
Level 1: unadjusted quoted prices in active markets for identical assets
or liabilities that the entity can access at the measurement date;
■
Level 2: models that use inputs that are observable for the asset or
liability, either directly (
i.e.
prices) or indirectly (
i.e.
price-based data);
■
Level 3: inputs that are intrinsic to the asset or liability and are not
based on observable market data for the asset or liability.
December 31, 2014
(in € millions)
Level 1
Level 2
Level 3
Total
Investments in non-consolidated companies
78
78
Other long-term investments
403
403
Available-for-sale financial assets
96
96
Derivative instruments recorded in current financial assets
111
111
Cash and cash equivalents
3,113
3,113
Derivative instruments recorded in liabilities
(51)
(9)
(61)
December 31, 2013
(in € millions)
Level 1
Level 2
Level 3
Total
Investments in non-consolidated companies
60
60
Other long-term investments
225
225
Available-for-sale financial assets
51
51
Derivative instruments recorded in current financial assets
137
137
Cash and cash equivalents
4,757
4,757
Derivative instruments recorded in liabilities
(18)
(9)
(27)
Since December 31, 2010, no assets or liabilities were reclassified between the various levels.
Note 35
Other payables
(in € millions)
December 31, 2014
December 31, 2013
Accrued employee benefits expense
1,856
1,696
Due to suppliers of non-current assets
706
739
Deferred revenue
111
77
Other payables
349
251
TOTAL
3,022
2,763