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.
| AUGUST 31, 2021 | FAIR VALUE LEVEL | |||||||
|---|---|---|---|---|---|---|---|---|
|
FINANCIAL ASSETS (in millions of euro) |
CATEGORY | NOTE | CARRYING AMOUNT | FAIR VALUE | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL |
| Marketable securities | Financial assets at fair value through profit or loss | Marketable securities
12.2 |
Marketable securities
328 |
Marketable securities AUGUST 31, 2021328 |
Marketable securities FAIR VALUE LEVEL15 |
313 | — | 328 |
| Restricted cash and financial assets related to the Benefits & Rewards Services activity | Financial assets at amortized cost | Restricted cash and financial assets related to the Benefits & Rewards Services activity
12.3 |
Restricted cash and financial assets related to the Benefits & Rewards Services activity
773 |
Restricted cash and financial assets related to the Benefits & Rewards Services activity AUGUST 31, 2021773 |
Restricted cash and financial assets related to the Benefits & Rewards Services activity FAIR VALUE LEVEL— |
— | — | — |
| Cash and cash equivalents | Cash and cash equivalents
12.3 |
Cash and cash equivalents
289 |
Cash and cash equivalents AUGUST 31, 2021289 |
Cash and cash equivalents FAIR VALUE LEVEL289 |
— | — | 289 | |
| Trade and other receivables | Financial assets at amortized cost | Trade and other receivables
4.3 |
Trade and other receivables 4,271 |
Trade and other receivables AUGUST 31, 20214,271 |
Trade and other receivables FAIR VALUE LEVEL— |
— | — | — |
| Other financial assets | Financial assets at fair value through other comprehensive income | Other financial assets
12.3 |
Other financial assets
643 |
Other financial assets AUGUST 31, 2021643 |
Other financial assets FAIR VALUE LEVEL— |
— | 643 | 643 |
| Financial assets at amortized cost | Financial assets at amortized cost
12.3 |
Financial assets at amortized cost
131 |
Financial assets at amortized cost AUGUST 31, 2021131 |
Financial assets at amortized cost FAIR VALUE LEVEL— |
— | — | — | |
| Derivative financial instrument assets | Derivative financial instrument assets
|
Derivative financial instrument assets
12.5 |
Derivative financial instrument assets AUGUST 31, 202117 |
Derivative financial instrument assets FAIR VALUE LEVEL17 |
— | 17 | — | 17 |
| AUGUST 31, 2021 | FAIR VALUE LEVEL | |||||||
|---|---|---|---|---|---|---|---|---|
|
FINANCIAL LIABILITIES (in millions of euro) |
CATEGORY | NOTE | CARRYING AMOUNT | FAIR VALUE | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL |
| Bond issues* | Financial liabilities at amortized cost | Bond issues *
12.4 |
Bond issues *6,053 |
Bond issues *AUGUST 31, 20216,283 |
Bond issues *FAIR VALUE LEVEL6,283 |
— | — | 6,283 |
| Bank borrowings | Financial liabilities at amortized cost | Bank borrowings
12.4 |
Bank borrowings
1 |
Bank borrowings AUGUST 31, 20211 |
Bank borrowings FAIR VALUE LEVEL1 |
— | — | 1 |
| Other borrowings | Financial liabilities at amortized cost | Other borrowings
12.4 |
Other borrowings
30 |
Other borrowings AUGUST 31, 202130 |
Other borrowings FAIR VALUE LEVEL30 |
— | — | 30 |
| Bank overdrafts | Financial liabilities at amortized cost | Bank overdrafts
12.2 |
Bank overdrafts
7 |
Bank overdrafts AUGUST 31, 20217 |
Bank overdrafts FAIR VALUE LEVEL7 |
— | — | 7 |
| Trade and other payables | Passifs financiers au coût amorti | Trade and other payables
4.3 |
Trade and other payables 4,429 |
Trade and other payables AUGUST 31, 20214,429 |
Trade and other payables FAIR VALUE LEVEL— |
— | — | — |
| Vouchers payable | Financial liabilities at amortized cost | Vouchers payable
4.5 |
Vouchers payable 3,133 |
Vouchers payable AUGUST 31, 20213,133 |
Vouchers payable FAIR VALUE LEVEL— |
— | — | — |
| Derivative financial instrument liabilities | Derivative financial instrument liabilities
12.5 |
Derivative financial instrument liabilities
4 |
Derivative financial instrument liabilities AUGUST 31, 20214 |
Derivative financial instrument liabilities FAIR VALUE LEVEL— |
4 | — | 4 | |
* Fair value is calculated on the basis of listed bond prices as of August 31, 2021.
