XML 36 R28.htm IDEA: XBRL DOCUMENT v3.19.2
Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2019
Text block [abstract]  
Summary of Fair Values of Financial Assets and Financial Liabilities

The Group is exposed to the risks of changes in fair value of its financial assets and liabilities. The following tables summarise the fair values and carrying amounts of financial instruments and the fair value calculations by category.

 

€ million

    Fair value     Carrying amount  
   As at
30 June
2019		     As at
31 December
2018
Restated(a)		     As at
30 June
2018
Restated(a)		     As at
30 June
2019		     As at
31 December
2018
Restated(a)		     As at
30 June
2018
Restated(a)		  

Financial assets

             

Cash and cash equivalents

      3,911       3,230       3,991       3,911       3,230       3,991  

Amortised cost

      499       629       632       499       629       632  

Fair value through other comprehensive income

      327       329       288       327       329       288  

Financial assets at fair value through profit and loss:

             

Derivatives

      412       194       209       412       194       209  

Other

      381       364       379       381       364       379  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
     5,530       4,746       5,499       5,530       4,746       5,499  

Financial liabilities

             

Bank loans and overdrafts

      (1,044 )      (816 )      (1,131 )      (1,041 )      (814 )      (1,128 ) 

Bonds and other loans

      (26,787 )      (23,691 )      (27,842 )      (25,390 )      (23,391 )      (27,426 ) 

Lease liabilities

      (1,967 )      (1,981 )      (2,112 )      (1,967 )      (1,981 )      (2,112 ) 

Derivatives

      (464 )      (402 )      (542 )      (464 )      (402 )      (542 ) 

Other financial liabilities

      (123 )      (150 )      (390 )      (123 )      (150 )      (390 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
     (30,385 )      (27,040 )      (32,017 )      (28,985 )      (26,738 )      (31,598 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a)

Restated following adoption of IFRS 16. Refer note 1 and note 9.
Summary of Assets and Liabilities Carried at Fair Value, Classification of Fair Value Calculations by Category
     Level 1      Level 2     Level 3     Level 1      Level 2     Level 3     Level 1      Level 2     Level 3  

€ million

    As at 30 June 2019     As at 31 December 2018     As at 30 June 2018  

Assets at fair value

                      

Financial assets at fair value through other comprehensive income(a)

      116        4       207       160        5       164       143        4       141  

Financial assets at fair value through profit or loss:

                      

Derivatives(a)

      –          448       –         –          276       –         –          366       –    

Other

      155        –         226       145        –         219       185        –         194  

Liabilities at fair value

                      

Derivatives(b)

      –          (530 )      –         –          (542 )      –         –          (588 )      –    

Contingent Consideration

      –          –         (156 )      –          –         (142 )      –          –         (199 ) 

 

(a)

Includes €36 million (December 2018: €82 million) derivatives, reported within trade receivables, that hedge trading activities.
(b)

Includes €(66) million (December 2018: €(140) million) derivatives, reported within trade payables, that hedge trading activities.