Arla Foods Annual Report 2020
Management Review Our Strategy
Our Brands and Commercial Segments Our Responsibility Our Governance Our Performance Review Our Consolidated Financial Statements Our Consolidated Environmental, Social and Governance Data
Funding
4.5 FINANCIAL INSTRUMENTS
Table 4.5.a Categories of financial instruments
(EURM)
2020
2019
Table 4.5.b Fair value hierarchy - carrying amount
(EURM)
Level 1
Level 2
Level 3
Total
Derivatives
Shares
Financial assets measured at fair value through the income statement
Securities
38
18
2020
9
9
Financial assets:
47
27
Bonds
Shares
420
435
Derivatives
Financial assets measured at fair value through other comprehensive income
420
435
Total financial assets
Currency instruments
Interest rate instruments
Commodity instruments
Derivative assets used as hedging instruments
Trade receivables
Other receivable
Financial assets measured at amortised cost
Derivatives
Financial liabilities measured at fair value through the income statement
Currency instruments
420
420
9
9
57
57
429
57
486
14
1
Financial liabilities:
1
Issued bonds
399
399
4
1
Mortgage credit institutions
1,042
1,.042
19
2
Derivatives
66
Total financial liabilities
1,042
465
66
1,507
811
889
424
240
2019
1,235
1,129
Financial assets:
Bonds
19
19
222
22
Shares
22
Derivatives
435
9
20
435
9
Total financial assets
444
22
20
20
464
42
47
3222
15
44
Financial liabilities:
5
Derivatives
64
Total financial liabilities
86
86
86
86
Interest rate instruments
Commodity instruments
Derivative liabilities used as hedging instruments
Long term borrowings*
1.964
1,951
Short term borrowings*
766
789
Trade payables and other payables
1.212
1,158
Financial liabilities measured at amortised cost
3.942
3,898
*Including lease liabilities
106 ARLA FOODS ANNUAL REPORT 2020View entire presentation