Loreal 2011 Annual Report Download - page 138
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136 REGISTRATION DOCUMENT − L’ORÉAL 2011
42011 Consolidated Financial Statements
Notes to the consolidated nancial statements
The following table provides an analysis of financial instruments recorded at fair value by level of the fair value hierarchy.
€ millions
December31st, 2011 Level 1 Level 2 Level 3 Total fair value
Assets at fair value
Foreign exchange derivatives 114.0 114.0
Interest rate derivatives -
Sanofi shares 6,709.4 6,709.4
Marketable securities 598.2 598.2
Total assets at fair value 7,307.6 114.0 7,421.6
Liabilities at fair value
Foreign exchange derivatives 147.2 147.2
Interest rate derivatives
Total liabilities at fair value 147.2 147.2
€ millions
December31st, 2010 Level 1 Level 2 Level 3 Total fair value
Assets at fair value
Foreign exchange derivatives 83.2 83.2
Interest rate derivatives - -
Sanofi shares 5,657.2 5,657.2
Marketable securities 523.6 523.6
Total assets at fair value 6,180.8 83.2 6,264.0
Liabilities at fair value
Foreign exchange derivatives 115.3 115.3
Interest rate derivatives 1.8 1.8
Total liabilities at fair value 117.1 117.1
€ millions
December31st, 2009 Level 1 Level 2 Level 3 Total fair value
Assets at fair value
Foreign exchange derivatives 65.4 65.4
Interest rate derivatives - -
Sanofi shares 6,509.6 6,509.6
Marketable securities 83.3 83.3
Total assets at fair value 6,592.9 65.4 6,658.3
Liabilities at fair value
Foreign exchange derivatives 79.9 79.9
Interest rate derivatives 1.8 1.8
Total liabilities at fair value 81.7 81.7
NOTE25 Other current liabilities
€ millions
12.31.2011 12.31.2010 12.31.2009
Tax and employee-related payables (excluding income tax) 1,039.0 986.8 918.2
Credit balances on trade receivables 598.4 582.2 525.3
Fixed asset payables 124.0 121.2 78.1
Derivatives 147.2 117.1 81.7
Other current liabilities 158.0 150.8 147.2
Total 2,066.7 1,958.1 1,750.5