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Financial statements

CONSOLIDATED FINANCIAL STATEMENTS

Category in the balance-sheet

Other Long-term Bank long-term finance over-financial Short-term lease Trade Carrying

En million of euros drafts debt debt liabilities payables amount

FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS 10

Currency derivatives Interest rate derivatives 10 10

FINANCIAL LIABILITIES AT AMORTISED COST 2,943

Other bonds 1,347 393 1,740

Bank Borrowings 136 157 293 Finance lease liabilities 2 56 58 Other debts 13 259 272

Trade payables 580 580

Fair value for financial instruments recognized at fair value

Fair value of the

Level 1* Level 2* Level 3* class

10

10 10

CASH AT BANK 8 8
FINANCIAL LIABILITIES
AT DECEMBER 31, 2012 18 1,496 811 56 580 2,961 - 10 - 10

* The fair value hierarchies have the following levels: wLevel 1: fair value measured by reference to quoted prices (unadjusted) in active markets for identical assets or liabilities; wLevel 2: fair value measured by reference to inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly

(i.e. as prices) or indirectly (i.e. derived from prices); wLevel 3: fair value measured by reference to inputs for the asset or liability that are not based on observable data (unobservable inputs).

Fair value hierarchies are presented only for financial instruments measured at fair value.

The methods used to measure the fair value of derivative instruments, mutual fund unit convertible into cash and bonds are described in note 29. The method used to measure the fair value of investments in non-consolidated companies is described in note 1.N.1.

No assets were transferred between fair value measurements levels during the periods presented.