LensCrafters 2013 Annual Report Download - page 178
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Footnotes to the statutory financial statements as of December 31, 2013 Page 11 of 71
For the purposes of fully disclosing information about financial risks, the following table presents financial assets and
liabilities in accordance with the classification criteria required by IFRS 7 (in thousands of Euro):
Dec-31-2013 Notes Financial
assets/liabilities at
fair value through
profit or loss
Loans and
receivables/Debt
Hedging
derivatives
Cash and cash equivalents 4 137,058
Accounts receivable 5 340,693
Other current assets 9 72,928
Current derivative financial
instruments (assets) 8 1,834
Other non-current assets 14 75,483
Non-current derivative
financial instruments (assets) 15 (324,079)
Current portion of long-term
debt 17 (292,331)
Accounts payable 20 (145,502)
Other current liabilities 19 (490)
Current derivative financial
instruments (liabilities) 21 (1,137,199)
Dec-31-2012 Notes Financial
assets/liabilities at
fair value through
profit or loss
Loans and
receivables/Debt
Hedging
derivatives
Cash and cash equivalents 4
320,958
Accounts receivable 5
401,869
Other current assets (*) 9
22,856
Current derivative financial
instruments (assets) 8
3,086
Other non-current assets 14 75,949
Non-current derivative
financial instruments (assets) 15
(92,905)
Current portion of long-term
debt 17
(229,661)
Accounts payable 20
(261,771)
Other current liabilities 19
(1,976)
Current derivative financial
instruments (liabilities) 21
(1,452,418)
b) Currency risk
The main foreign exchange rate to which the Company is exposed is the Euro/Dollar rate.
A +/-10% change in the EUR/USD exchange rate, assuming all other variables remain equal, would have increased
net income for 2013 by Euro 5.2 million and decreased it by Euro 4.3 million, respectively. The impact of a +/-10%
change on net income for 2012, assuming all other variables remain equal, would have increased it by Euro 5.7
million and decreased it by Euro (4.7) million, respectively.