Electrolux 2010 Annual Report Download - page 151
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Maturity profile of financial liabilities and derivatives – undiscounted cash flows
1 year 1 - 2 years 2 - 5 years 5 years -Total
Loans –2,454 –2,283 –5,494 –1,206 –11,437
Net settled derivatives 29 18 –18 — 29
Gross settled derivatives –151 –26 — — –177
Whereof outflow –29,644 –265 — — –29,909
Whereof inflow 29,493 239 — — 29,732
Accounts payable –17,283 — — — –17,283
Financial guarantees –1,062 — — — –1,062
Total –20,921 –2,291 –5,512 –1,206 –29,930
Specification of gains and losses on fair value hedges
2010 2009
Fair value hedges, net — 6
whereof interest-rate derivatives –69 –6
whereof fair-value adjustment on borrowings 69 12
Net gain/loss, fair value and carrying
amount on financial instruments
The tables below present net gain/loss on financial instruments,
the effect in the income statement and equity, and the fair value
and carrying amount of financial assets and liabilities. Net gain/
loss can include both exchange-rate differences and gain/loss
due to changes in interest-rate levels.
Maturity profile of financial liabilities and derivatives
The table below presents the undiscounted cash flows of the
Group’s contractual liabilities related to financial instruments
based on the remaining period at the balance sheet to the con-
Financial derivative instruments
The table below presents the fair value of the Group’s financial
derivative instruments used for managing financial risk and propri-
etary trading.
Financial derivatives at fair value
December 31, 2010 December 31, 2009
Assets Liabilities Assets Liabilities
Interest-rate swaps 88 63 169 53
Cash flow hedges 5 51 1 39
Fair value hedges 75 — 157 —
Held-for-trading 8 12 11 14
Cross currency interest-rate swaps — — — —
Cash flow hedges — — — —
Fair value hedges — — — —
Held-for-trading — — — —
Forward-rate agreements and futures 22 21 2 3
Cash flow hedges — — — —
Fair value hedges — — — —
Held-for-trading 22 21 2 3
Currency derivatives (forwards and options) 274 399 204 295
Cash flow hedges 86 331 104 147
Net investment hedges 102 44 23 84
Held-for-trading 86 24 77 64
Commodity derivatives 2 — 2 —
Cash flow hedges — — — —
Fair value hedges — — — —
Held-for-trading 2 — 2 —
Total 386 483 377 351
tractual maturity date. Floating interest cash flows with future fix-
ing dates are estimated using the forward-forward interest rates at
year-end. Any cash flow in foreign currency is converted to local
currency using the FX spot rates at year-end.
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