Air France, a French company, prepares its financial statements according to IFRS. AFs annual report for the year ended March 31, 2011, which includes financial statements and disclosure notes, provided with all new textbooks. This material also is provided in AF's "Registration Document 2010-11," dated June 15, 2011 and is available at www.airfranceklm.com

Required:

1 Read Notes 3.10.2, 3.10.5, 22, 32.3 and 32.4. Focusing on investments accounted for at fair value through profit and loss (FVTPL): Answer A, B, C, and D.

A) As of March 31, 2011, what is the balance of those investments in the balance sheet? Be specific regarding which line of the balance includes the balance?

B) How much of that balance is classified as current and how much as noncurrent?

C) Is that balance stated at fair value? How do you know?

D) How much of the fair value of those investments is accounted for using level 1, level 2, and level 3 inputs of the fair value hierarchy? Given that information, assess the reliability (representational faithfulness) of this fair value estimate.

2 Complete Requirement 1 again, but for investments accounted for as available for sale.

(This is the second time posting this question minus requirement questions 3 and 4 (those were answered). Please