 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 |
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 |
fair values
The negative fair values of derivatives relate to the following items:
| Download |
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€ million |
Dec. 31, 2008 |
Dec. 31, 2007 | ||
|---|---|---|---|---|
|
Transactions for hedging against |
|
| ||
|
foreign currency risk from assets |
8 |
5 | ||
|
foreign currency risk from liabilities |
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 |
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.
