Air FranceKLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AFs financial statements and disclosure notes for the year ended December 31, 2017. Required: 1. Read Notes 23 and 35.4. Focusing on investments accounted for at fair value through profit and loss (FVTPL),

1. As of December 31, 2017, what is the total balance of those investments in the balance sheet?

2. How much of that balance is classified as current and how much as noncurrent?

3. 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?

2. Complete requirement 1 again, but for investments accounted for as available for sale. 3. Which type of investment has more reliable fair value estimates?

NOTE 23. OTHER FINANCIAL ASSETS As of December 31 (in millions) 2017 Non-current 2016 Non-current Current Current Financial assets available for sale Available shares 102 298 Shares secured - Assets at fair value through profit and loss Marketable securities 41 269 32 . Cash secured 93 Loans and receivables Financial lease deposit (bonds) Financial lease deposit (others) Loans and receivables 9 9 286 333 216 1,267 279 8 327 15222 Gross value 421 130 1,086 Impairment at opening date (22) (23) (9) New impairment charge (6) 10 Reversal 5 Change in scope Other Impairment at closing date Total (8) (25) (22) 1,242 130 1,064 35.4 Valuation methods for financial assets and liabilities at their fair value The breakdown of the Group's financial assets and liabilities is as follows based on the three classification levels (see Note 4.11): Level 1 Level 2 Level 3 Total As of December 31 (in millions) 2017 2016 2017 2016 2017 2016 2017 2016 Financial assets available for sale Shares 400 243 - - 400 243 Assets at fair value through profit and loss Marketable securities and cash secured 342 103 15 17 327 86 2,240 1,835 1,793 1,370 Cash equivalents 4,033 3,205 Derivative instruments assets Interest rate derivatives Currency exchange derivatives 22 153 504 58 462 276 58 462 276 4 153 504 13 Commodity derivatives ETS derivatives 13 4 Others 5 Financial liabilities at fair value comprise the fair value of interest rate, foreign exchange, commodity and Amadeus shares derivative instruments. These valuations are classified as level 2. NOTE 23. OTHER FINANCIAL ASSETS As of December 31 (in millions) 2017 Non-current 2016 Non-current Current Current Financial assets available for sale Available shares 102 298 Shares secured - Assets at fair value through profit and loss Marketable securities 41 269 32 . Cash secured 93 Loans and receivables Financial lease deposit (bonds) Financial lease deposit (others) Loans and receivables 9 9 286 333 216 1,267 279 8 327 15222 Gross value 421 130 1,086 Impairment at opening date (22) (23) (9) New impairment charge (6) 10 Reversal 5 Change in scope Other Impairment at closing date Total (8) (25) (22) 1,242 130 1,064 35.4 Valuation methods for financial assets and liabilities at their fair value The breakdown of the Group's financial assets and liabilities is as follows based on the three classification levels (see Note 4.11): Level 1 Level 2 Level 3 Total As of December 31 (in millions) 2017 2016 2017 2016 2017 2016 2017 2016 Financial assets available for sale Shares 400 243 - - 400 243 Assets at fair value through profit and loss Marketable securities and cash secured 342 103 15 17 327 86 2,240 1,835 1,793 1,370 Cash equivalents 4,033 3,205 Derivative instruments assets Interest rate derivatives Currency exchange derivatives 22 153 504 58 462 276 58 462 276 4 153 504 13 Commodity derivatives ETS derivatives 13 4 Others 5 Financial liabilities at fair value comprise the fair value of interest rate, foreign exchange, commodity and Amadeus shares derivative instruments. These valuations are classified as level 2