Loreal 2011 Annual Report Download - page 126

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124 REGISTRATION DOCUMENT − L’ORÉAL 2011
42011 Consolidated Financial Statements
Notes to the consolidated  nancial statements
20.4. Items directly recognised in equity
The following tables indicate movements in these items:
€ millions
12.31.2011 12.31.2010 12.31.2009
Financial assets available for sale
Reserve at beginning of period 1,624.1 2,476.4 1,334.0
Changes in fair value over period 1,052.2 -852.3 1,142.5
Impairment loss recorded in profit and loss - - -
Changes in fair value recorded in profit and loss -0.5 - -0.1
Reserve at end of period 2,675.8 1,624.1 2,476.4
€ millions
12.31.2011 12.31.2010 12.31.2009
Cash flow hedges - foreign exchange
Reserve at beginning of period 0.2 8.1 162.0
Changes in fair value over period -16.9 -151.5 -7.2
Changes in fair value recorded in profit and loss 9.3 143.6 -146.7
Reserve at end of period -7.4 0.2 8.1
A 10% increase (decrease) in the euro against all Group
currencies would have had an impact of +€181.6million
(-€171.1million) on the foreign exchange cash flow hedge
reserve and the market value of hedging instruments at
December31st, 2011.
A 10% increase (decrease) in the euro against all Group
currencies would have had an impact of +€186.5million
(-€167.5million) on the foreign exchange cash flow hedge
reserve and the market value of hedging instruments at
December31st, 2010.
A 10% increase (decrease) in the euro against all Group
currencies would have had an impact of +€136.6million
(-€136.1million) on the foreign exchange cash flow hedge
reserve and the market value of hedging instruments at
December31st, 2009.
A 10% increase (decrease) in the USD against the main
Group currencies would have had an impact of -€12.8million
(+€25.8million) on the foreign exchange cash flow hedge
reserve and the market value of hedging instruments at
December31st, 2011.
A 10% increase (decrease) in the USD against the main
Group currencies would have had an impact of +€3.3million
(+€8.2million) on the foreign exchange cash flow hedge reserve
and the market value of hedging instruments at December31st,
2010.
A 10% increase (decrease) in the USD against the main
Group currencies would have had an impact of -€18.0million
(+€21.6million) on the foreign exchange cash flow hedge
reserve and the market value of hedging instruments at
December31st, 2009.
€ millions
12.31.2011 12.31.2010 12.31.2009
Cash flow hedges - interest rates
Reserve at beginning of period -1.7 -1.6 -1.3
Changes in fair value over the period -0.3 -0.7 -0.8
Changes in fair value recorded in profit and loss 2.0 0.6 0.5
Reserve at end of period - -1.7 -1.6
€ millions
12.31.2011 12.31.2010 12.31.2009
Actuarial gains/(losses) and impact of asset ceiling
Reserve at beginning of period -624.0 -410.5 -267.6
Actuarial gains/(losses) over the period -172.5 -215.7 -140.9
Impact of asset ceiling 0.1 2.2 -2.0
Reserve at end of period -796.4 -624.0 -410.5