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NOTE 28

Carrying amounts of financial assets and liabilities by measurement group

 

31 December 2010              
Asset as per balance sheet, € million Financial assets/
liabilities at fair
value through
profit or loss		 Loan
and
receivables		 Available-for-
sale financial
assets		 Financial
liabilities at
amortised cost		 Derivatives
qualified for
hedge
accounting		 Carrying
amounts of
balance
sheet items		 Fair value
Non-current financial assets              
Available-for-sale financial assets     7.6     7.6 7.6
Non-current non-interest-bearing receivables   0.8          
- Derivatives         8.0 8.8 8.8
Non-current interest-bearing receivables   60.1       60.1 60.1
Current financial assets              
Trade receivables and other non-interest-bearing receivables   770.9          
- Derivatives 1.4       9.0 781.2 781.2
Interest-bearing receivables   21.0       21.0 21.0
Financial assets at fair value through profit or loss 242.1         242.1 242.1
Available-for-sale financial assets     549.0     549.0 549.0
Carrying amount by category 243.5 852.7 556.6   17.0 1,669.9 1,669.9
             
Non-current financial liabilities              
Non-current interest-bearing liabilities       224.6   224.6 232.7
- Derivatives         10.6 10.6 10.6
Total non-current interest-bearing liabilities           235.3 243.3
Non-current non-interest-bearing liabilities       4.5   4.5 4.5
- Derivatives         0.1 0.1 0.1
Total non-current non-interest-bearing liabilities           4.6 4.6
Current financial liabilities              
Current interest-bearing liabilities       241.5   241.5 241.5
Trade payables       838.3   838.3 838.3
Other non-interest-bearing liabilities       196.3   196.3 196.3
Accrued liabilities       305.5   305.5 305.5
- Derivatives 5.6         5.6 5.6
Total accrued liabilities           311.1 311.1
Carrying amount by category 5.6     1,810.7 10.7 1,827.1 1,835.1

 

31 December 2009              
Assets as per balance sheet, € million Financial assets/
liabilities at fair
value through
profit or loss		 Loan
and
receivables		 Available-for-
sale financial
assets		 Financial
liabilities at
amortised cost		 Derivatives
qualified for
hedge
accounting		 Carrying
amounts of
balance
sheet items		 Fair value
Non-current financial assets              
Available-for-sale financial assets     3.0     3.0 3.0
Non-current non-interest-bearing receivables   1.3       1.3 1.3
- Derivatives         1.3 1.3 1.3
Non-current interest-bearing receivables   64.9       64.9 64.9
Current financial assets              
Trade and other non-interest-bearing receivables   709.6       709.6 709.6
- Derivatives 1.5       0.2 1.7 1.7
Interest-bearing receivables   32.1       32.1 32.1
Financial assets at fair value through profit or loss 213.1         213.1 213.1
Available-for-sale financial assets     427.7     427.7 427.7
Carrying amount by category 214.6 807.9 430.7   1.5 1,454.7 1,454.7
               
Non-current financial liabilities              
Non-current interest-bearing liabilities       244.9   244.9 267.4
- Derivatives         17.1 17.1 17.4
Total non-current interest-bearing liabilities           262.0 284.5
Non-current non-interest-bearing liabilities       3.1   3.1 3.1
- Derivatives         2.5 2.5 2.5
Total non-current non-interest-bearing liabilities           5.7 5.7
Current financial liabilities              
Current interest-bearing liabilities       194.2   194.2 194.2
Trade payables       703.5   703.5 703.5
Other non-interest-bearing liabilities       176.5   176.5 176.5
- Derivatives         3.4 3.4 3.4
Accrued liabilities       245.8   245.8 245.8
- Derivatives 8.3         8.3 8.3
Total accrued liabilities           254.1 254.1
Carrying amount by category 8.3     1,568.0 23.0 1,599.3 1,621.8


The fair values of loans have been calculated based on the present value of future cash flows using the 0.7%–3.7% market rates of interest of the balance sheet date. The fair value of current interest-bearing liabilities has been estimated to nearly equal their balance sheet value. The maturity analysis of non-current receivables is presented in note 17, and that of non-current loansin note 41.