183
When assessing the potential impact of the above, the assets
and liabilities of each Group company in currencies other
than their accounting currency were considered, net of any
derivatives hedging the above-mentioned flows.
The following sensitivity analysis shows the post-tax effects
(in millions of Euro)
2012
2011
-5%
+5%
-5%
+5%
Euro
(1.13)
1.02
(1.08)
0.98
US Dollar
(1.57)
1.42
(0.64)
0.58
Other currencies
(1.66)
1.51
(1.12)
1.01
Total
(4.36)
3.95
(2.84)
2.57
(in millions of Euro)
2012
2011
-10%
+10%
-10%
+10%
Euro
(2.38)
1.95
(2.29)
1.87
US Dollar
(3.32)
2.72
(1.34)
1.10
Other currencies
(3.51)
2.87
(2.36)
1.93
Total
(9.21)
7.54
(5.99)
4.90
on equity reserves due to an increase/decrease in the fair
value of designated cash flow hedges following a 5% and
10% increase/decrease in exchange rates relative to closing
exchange rates at 31 December 2012 and 31 December 2011.
The above analysis ignores the effects of translating the equity of Group companies whose functional currency is not the Euro.
(in millions of Euro)
2012
2011
-5%
+5%
-5%
+5%
US Dollar
1.88
(2.08)
2.14
(2.37)
United Arab Emirates Dirham
0.51
(0.57)
0.76
(0.84)
Qatari Riyal
2.21
(2.44)
2.34
(2.59)
Saudi Riyal
0.03
(0.03)
0.04
(0.05)
Other currencies
0.45
(0.50)
-
-
Totale
5.08
(5.62)
5.28
(5.85)
(in millions of Euro)
2012
2011
-10%
+10%
-10%
+10%
US Dollar
3.59
(4.39)
4.09
(4.99)
United Arab Emirates Dirham
0.98
(1.19)
1.45
(1.77)
Qatari Riyal
4.22
(5.15)
4.47
(5.46)
Saudi Riyal
0.05
(0.06)
0.08
(0.10)
Other currencies
0.86
(1.05)
-
-
Total
9.70
(11.84)
10.09
(12.32)
