Danone // 2020 Universal Registration Document

DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 108 4.1 Consolidated financial statements and notes to the consolidated financial statements Note 13. Organization of financial risks and derivatives management Note 13.6. Reconciliation of the consolidated balance sheet by class and accounting category (in € millions) Fair value through profit or loss Fair value through other comprehensive income Amortized cost Carrying amount Fair value Fair value level (c) As of December 31, 2020 Financial assets Investments in other non-consolidated companies 25 200 − 225 225 1-3 Long-term loans and long-term financial assets 125 − 219 344 344 1-3 Derivatives – assets (a) 221 65 − 286 286 2 Trade receivables (b) 2,608 − − 2,608 2,608 – Other current assets (b) 939 61 − 1,000 1,000 – Short-term loans − − 40 40 40 – Money market funds 2,739 − − 2,739 2,739 1 Other short-term investments − − 942 942 942 2 Cash and cash equivalents 593 − − 593 593 1 Carrying amount of financial assets by category 7,249 327 1,201 8,777 8,777 Financial liabilities Financing 4,438 − 11,596 16,034 14,024 2 Derivatives – liabilities (a) 100 3 − 103 103 2 Trade payables (b) – − 3,467 3,467 3,467 – Other current liabilities (b) − 67 2,647 2,714 2,714 – Carrying amount of financial liabilities by category 4,538 70 17,710 22,318 20,308 (a) Derivative instruments used to manage net debt. (b) The carrying amount approximates to the fair value given the short-term nature of these items. (c) Valuation hierarchy used to assess fair value. Valuation levels in accordance with IFRS 7 Financial instruments – Disclosures Level Fair value is based on: 1 (Unadjusted) prices listed on active markets for identical assets and liabilities. 2 Data other than listed prices as per level 1, which are observable for the asset or liability concerned, directly or indirectly. For asset and liability derivative instruments recognized at fair value, the Group uses measurement techniques that include data observable on the market, notably for interest rate swaps, forward currency purchases and sales, or currency options. The model integrates diverse data such as spot and forward exchange rates and the yield curve. 3 Data relating to the asset or liability not based on observable data on active markets.