Reebok 2014 Annual Report Download - page 234

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adidas Group
/
2014 Annual Report
Consolidated Financial Statements
230
2014
/
04.8
/
Notes
/
Notes to the Consolidated Statement of Financial Position
Fair value hierarchy of financial instruments according to IFRS 13 as at December 31, 2014
(€ in millions) Fair value
Dec. 31, 2014
Level 1 Level 2 Level 3
Short-term financial assets 5 5
Derivative financial instruments
Derivatives being part of a hedge 229 229
Derivatives not being part of a hedge 56 56
Long-term financial assets 113 33 80 1)
Financial assets 403 323 80
Short-term borrowings 294 294
Derivative financial instruments
Derivatives being part of a hedge 44 44
Derivatives not being part of a hedge 11 11
Long-term borrowings 1,674 1,545 129
Financial liabilities 2,023 1,545 478
Fair value
Jan. 1, 2014
Gains Losses Fair value
Dec. 31, 2014
1) This category relates to a 8.33% investment in FC Bayern München AG of € 80 million. Dividends
are distributed by FC Bayern München AG instead of regular interest payments. These dividends
are recognised in other financial income.
80 1 – 80
Level 1 is based on quoted prices in active markets for identical assets or liabilities.
Level 2 is based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
Level 3 is based on inputs for the asset or liability that are not based on observable market data (unobservable inputs).
Fair value hierarchy of financial instruments according to IFRS 13 as at December 31, 2013
(€ in millions) Fair value
Dec. 31, 2013
Level 1 Level 2 Level 3
Short-term financial assets 41 41
Derivative financial instruments
Derivatives being part of a hedge 43 43
Derivatives not being part of a hedge 16 16
Long-term financial assets 107 27 80 1)
Financial assets 207 127 80
Short-term borrowings 694 510 184
Derivative financial instruments
Derivatives being part of a hedge 77 77
Derivatives not being part of a hedge 16 16
Long-term borrowings 859 650 209
Financial liabilities 1,646 1,160 486
Fair value
Jan. 1, 2013
Gains Losses Fair value
Dec. 31, 2013
1) This category relates to a 9.1% investment in FC Bayern München AG of € 80 million. Dividends
are distributed by FC Bayern München AG instead of regular interest payments. These dividends
are recognised in other financial income.
79 1 – 80
Level 1 is based on quoted prices in active markets for identical assets or liabilities.
Level 2 is based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
Level 3 is based on inputs for the asset or liability that are not based on observable market data (unobservable inputs).