Basic HTML Version
168
MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
22. FINANCIAL INSTRUMENTS
22.1. Derivatives
The Group uses financial instruments to hedge the foreign currency risks relating to purchases of audiovisual proper ty
rights in the year and, when necessary, to hedge those related to commercial transactions with customers, which are
recognised in the consolidated statement of financial position.
The breakdown, by maturity, of the notional amounts of derivatives outstanding at the Group at 31 December 2011 is
as follows:
2011
Notional amount/ Maturity
up to one year
Amount in USD
Fair value
Dollars
Year - end (€/$)
exc. rate
Purchase of unmatured currency
Purchase of dollars in euros
32,649
44,877
1,2939
2,112
Sales of dollars in euros
Net
32,649
44,877
2,112
The breakdown, by maturity, of the notional amounts of derivatives outstanding at the Group at 31 December 2010 is
as follows:
2010
Notional amount/
Maturity up to one year
Amount in USD
Fair value
Dollars
Year - end (€/$)
exc. rate
Purchase of unmatured currency
Purchase of dollars in euros
9,899
13,643
1,378
332
Sales of dollars in euros
-
-
-
-
Net
9,899
16,643
332
The foreign currency derivatives associated with the proper ty rights are measured at the difference between the
present value of the quoted foreign currency hedge at the forward exchange rate in the contract and the value of the
quoted foreign currency hedge at year end.
22.2. The classification of financial assets and liabilities per the categories
established in IAS would be as follows:
(Thousands of euros)
Equity instruments
Debt securities
Loans, derivatives and
other financial assets
Total
2011
2010
2011 2010 2011
2010
2011 2010
Non-current financial assets
Assets at fair value through profit or loss
Held for trading
-
-
-
-
-
Other
-
-
-
-
-
Held-to-maturity
investments
-
-
-
-
-
(Continue)