The face value and fair value of currency instruments and cross-currency swaps are as follows by maturity:
| AUGUST 31, 2020 | AUGUST 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| (in millions of euro) | LESS THAN 1 YEAR | 1 TO 5 YEARS | MORE THAN 5 YEARS | TOTAL | LESS THAN 1 YEAR | 1 TO 5 YEARS | MORE THAN 5 YEARS | TOTAL |
| Currency lender positions | Currency lender positions AUGUST 31, 202053 | Currency lender positions AUGUST 31, 20194 | 0 | 57 | 92 | 29 | - | 121 |
| Czech crown/Euro | Czech crown/Euro AUGUST 31, 202045 | Czech crown/Euro AUGUST 31, 2019- | - | 45 | 77 | 29 | - | 106 |
| Polish zloty/Euro | Polish zloty/Euro AUGUST 31, 2020- | Polish zloty/Euro AUGUST 31, 2019- | - | - | 15 | - | - | 15 |
| Other | Other AUGUST 31, 20208 | Other AUGUST 31, 20194 | - | 12 | - | - | - | - |
| Currency borrower positions | Currency borrower positions AUGUST 31, 2020(719) | Currency borrower positions AUGUST 31, 2019(1) | (1) | (721) | (46) | (55) | (1) | (103) |
| Pound sterling/Euro | Pound sterling/Euro AUGUST 31, 2020(3) | Pound sterling/Euro AUGUST 31, 2019- | - | (3) | (3) | (3) | - | (6) |
| Brazilian real/Euro | Brazilian real/Euro AUGUST 31, 2020(23) | Brazilian real/Euro AUGUST 31, 2019- | - | (23) | (18) | (9) | - | (27) |
| Mexican peso/Euro | Mexican peso/Euro AUGUST 31, 2020- | Mexican peso/Euro AUGUST 31, 2019- | - | - | - | - | - | - |
| Swedish krona/Euro | Swedish krona/Euro AUGUST 31, 2020- | Swedish krona/Euro AUGUST 31, 2019- | - | - | (13) | - | - | (13) |
| Dollar/Euro | Dollar/Euro AUGUST 31, 2020(677) | Dollar/Euro AUGUST 31, 2019- | - | (677) | (12) | (43) | (1) | (57) |
| Other | Other AUGUST 31, 2020(16) | Other AUGUST 31, 2019(1) | (1) | (18) | - | - | - | - |
| TOTAL FACE VALUE | TOTAL FACE VALUE AUGUST 31, 2020(666) | TOTAL FACE VALUE AUGUST 31, 20193 | (1) | (663) | 46 | (26) | (1) | 19 |
| Fair value | Fair value AUGUST 31, 20206 | Fair value AUGUST 31, 2019(2) | - | 4 | 6 | (1) | - | 5 |
The face value represents the nominal value of currency hedging instruments, including amounts related to forward agreements. Foreign currency amounts are translated at year-end closing rates.
The table below presents the categories of financial instruments, their carrying amount and their fair value, by item in the consolidated statement of financial position.
The fair value hierarchy used in classifying financial instruments is provided for in IFRS 13 “Fair value measurement” as defined in note 2.3.
| FINANCIAL ASSETS (in millions of euro) | CATEGORY | NOTE | AUGUST 31, 2020 | FAIR VALUE LEVEL | ||||
|---|---|---|---|---|---|---|---|---|
| CARRYING AMOUNT | FAIR VALUE | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL | |||
| Marketable securities | Marketable securities CATEGORY Financial assets at fair value through profit or loss | Marketable securities NOTE 12.2 | Marketable securities AUGUST 31, 2020 354 | Marketable securities FAIR VALUE LEVEL 354 | 22 | 332 | - | 354 |
| Restricted cash and financial assets related to the Benefits & Rewards Services activity | Restricted cash and financial assets related to the Benefits & Rewards Services activity CATEGORY Financial assets at amortized cost | Restricted cash and financial assets related to the Benefits & Rewards Services activity NOTE 12.3 | Restricted cash and financial assets related to the Benefits & Rewards Services activity AUGUST 31, 2020 727 | Restricted cash and financial assets related to the Benefits & Rewards Services activity FAIR VALUE LEVEL 727 | - | - | - | - |
| FINANCIAL ASSETS (in millions of euro) Cash and cash equivalents | CATEGORY 12.3 | NOTE 376 | AUGUST 31, 2020 376 | FAIR VALUE LEVEL 376 | - | 376 | ||
| Trade and other receivables | Trade and other receivables CATEGORY Financial assets at amortized cost | Trade and other receivables NOTE 4.3 | Trade and other receivables AUGUST 31, 2020 4 070 | Trade and other receivables FAIR VALUE LEVEL 4 070 | - | - | - | - |
| Other financial assets | Other financial assets CATEGORY Financial assets at fair value through other comprehensive income | Other financial assets NOTE 12.3 | Other financial assets AUGUST 31, 2020 485 | Other financial assets FAIR VALUE LEVEL 485 | - | - | 485 | 485 |
| FINANCIAL ASSETS (in millions of euro) Financial assets at amortized cost | CATEGORY 12.3 | NOTE 156 | AUGUST 31, 2020 156 | FAIR VALUE LEVEL - | - | - | - | |
| Derivative financial instrument assets | Derivative financial instrument assets NOTE 12.5 | Derivative financial instrument assets AUGUST 31, 2020 23 | Derivative financial instrument assets FAIR VALUE LEVEL 23 | - | 23 | - | 23 | |
