26 Noncurrent and current other liabilities

  Download

 

 

 

 

 

 

 

 

 

 

 

 

 

€ million

 

current

 

noncurrent

 

Carrying amount Dec. 31,  2008

 

current

 

noncurrent

 

Carrying  amount Dec. 31,  2007

Payments on account received in respect of orders

 

1,158

 

35

 

1,193

 

1,215

 

21

 

1,236

Other liabilities to

 

 

 

 

 

 

 

 

 

 

 

 

affiliated companies

 

141

 

 

141

 

71

 

0

 

71

joint ventures

 

25

 

 

25

 

31

 

 

31

associates

 

0

 

 

0

 

0

 

 

0

other investees and investors

 

0

 

 

0

 

1

 

 

1

Negative fair values of derivative financial instruments

 

1,189

 

1,150

 

2,339

 

419

 

258

 

677

Liabilities relating to

 

 

 

 

 

 

 

 

 

 

 

 

other taxes

 

751

 

391

 

1,142

 

783

 

372

 

1,155

social security

 

261

 

28

 

289

 

232

 

30

 

262

wages and salaries

 

1,444

 

297

 

1,741

 

1,344

 

243

 

1,587

Miscellaneous liabilities

 

3,576

 

1,334

 

4,910

 

2,988

 

1,321

 

4,309

 

 

8,545

 

3,235

 

11,780

 

7,084

 

2,245

 

9,329


The negative fair values of derivatives relate to the following items:

  Download

 

 

 

 

 

€ million

 

Dec. 31, 2008

 

Dec. 31, 2007

Transactions for hedging against

 

 

 

 

foreign currency risk from assets
using fair value hedges

 

8

 

5

foreign currency risk from liabilities
using fair value hedges

 

296

 

243

interest rate risk using fair value hedges

 

210

 

47

interest rate risk using cash flow hedges

 

240

 

38

foreign currency and price risk
from future cash flows (cash flow hedges)

 

1,178

 

201

Hedging transactions

 

1,932

 

534

Liabilities arising from ineffective hedging derivatives

 

407

 

143

 

 

2,339

 

677

The negative fair value of transactions for hedging against price risk from future cash flows (cash flow hedges) amounted to €216 million.

Negative fair values of €151 million were recognized from transactions for hedging against interest rate risk (fair value hedges) used in portfolio hedges.

Further details on derivative financial instruments as a whole are given in note 32 Financial risk management and financial instruments.

Top
Deutsch | English
Print Manager
Mark this page for later printing or print all marked pages.
Download Manager
Collect files for a combined download
Compare Key Figures
Create your personal overview of important key figures.