English
ItalianoFair value hierarchy
The table shows the classification of the financial assets and liabilities at fair value under a fair value hierarchy as defined by the amended IFRS 7 “Operative instruments: Disclosures”.
The three levels of the fair value hierarchy are defined with the inputs used in the price definition.
The amount of financial assets and liabilities classified in Level 3 was not material regarding the total of investment and represents a little more than 1% of total assets at fair value, stable with respect to the previous year.
| 31.12.2012 | ||||
|---|---|---|---|---|
| (€ million) | Level 1 | Level 2 | Level 3 | Total |
| Available for sale financial assets | 191,815 | 18,293 | 2,438 | 212,546 |
| Equities | 7,540 | 451 | 916 | 8,907 |
| Bonds | 176,553 | 13,762 | 34 | 190,349 |
| Investment fund units | 7,413 | 3,115 | 929 | 11,458 |
| Other assets available for sale | 308 | 965 | 559 | 1,831 |
| Financial assets at fair v alue through profit or loss | 42,187 | 25,306 | 843 | 68,337 |
| Equities | 70 | 145 | 1 | 216 |
| Bonds | 4,566 | 1,928 | 15 | 6,509 |
| Investment fund units | 3,838 | 42 | 115 | 3,995 |
| Derivatives | 261 | 1,526 | 0 | 1,786 |
| Investments back to policies where the investment risk is borne by the policy holders | 32,792 | 20,790 | 259 | 53,842 |
| Other assets at fair value through profit or loss | 660 | 875 | 453 | 1,988 |
| Totale assets at fair value | 234,002 | 43,599 | 3,282 | 280,882 |
| Financial liabilities at fair value through profit or loss | 12,564 | 1,961 | 0 | 14,525 |
| Financial liabilities related to investment contracts issued by insurance | 11,488 | 1,162 | 0 | 12,650 |
| Derivatives | 310 | 770 | 0 | 1,079 |
| Other financial liabilities | 767 | 29 | 0 | 796 |
| Totale liabilities at fair value | 12,564 | 1,961 | 0 | 14,525 |
| 31.12.2011 | ||||
|---|---|---|---|---|
| (€ million) | Level 1 | Level 2 | Level 3 | Total |
| Available for sale financial assets | 156,993 | 16,392 | 2,265 | 175,649 |
| Equities | 8,761 | 487 | 873 | 10,121 |
| Bonds | 141,008 | 11,548 | 101 | 152,657 |
| Investment fund units | 6,783 | 3,401 | 543 | 10,726 |
| Other assets available for sale | 441 | 956 | 748 | 2,144 |
| Financial assets at fair v alue through profit or loss | 46,194 | 25,866 | 1,576 | 73,636 |
| Equities | 62 | 234 | 14 | 310 |
| Bonds | 4,879 | 2,377 | 24 | 7,280 |
| Investment fund units | 3,136 | 23 | 6 | 3,165 |
| Derivatives | 710 | 1,829 | 0 | 2,538 |
| Investments back to policies where the investment risk is borne by the policy holders | 36,908 | 19,872 | 1,532 | 58,312 |
| Other assets at fair value through profit or loss | 499 | 1,531 | 0 | 2,031 |
| Totale assets at fair value | 203,187 | 42,258 | 3,841 | 249,285 |
| Financial liabilities at fair value through profit or loss | 11,921 | 2,618 | 0 | 14,539 |
| Financial liabilities related to investment contracts issued by insurance | 10,282 | 1,281 | 0 | 11,563 |
| Derivatives | 659 | 1,316 | 0 | 1,975 |
| Other financial liabilities | 980 | 21 | 0 | 1,002 |
| Totale liabilities at fair value | 11,921 | 2,618 | 0 | 14,539 |
