Download - Salzgitter AG

As of the reporting date December 31, 2006, the transition of the balance sheet items to the various
categories of financial instruments was as follows:
FY 2006 in T€ Book value
Loans and Available-for-sale
receivables
originated by
financial assets
31/12/2006 the company
Assets
Financial assets 61,904 1,578 60,326
Other non-current receivables and assets 3,348 – –
Trade receivables
Other receivables and other assets
(acc. to balance sheet T€ 176,277);
1,108,260 1,108,260 –
of which financial instruments 149,863 132,357 –
Securities 27,691 – –
Cash and cash equivalents 2,344,989 – 2,344,989
Available-for-sale non-current assets 12,559 – –
Assets financial instruments 1,242,195 2,405,315
Assets fair value per category 1,242,250 2,405,315
Equity and liabilities
Non-current financial liabilities 89,649 – –
Current financial liabilities 102,635 – –
Trade payables
Other liabilities
(acc. to balance sheet T€ 342,829);
602,007 – –
of which financial instruments 251,161 – –
Equity and liabilities financial instruments – –
Equity and liabilities fair value per category – –
The market values of the long-term liabilities are determined by discounting the future payment flows
with the market interest rates established as of the reporting date. Trade receivables and cash and cash
equivalents mostly have short residual terms, and as a result their book values are very similar to their
fair values as of the cut-off date. The fair value of the other receivables corresponds to the cash value of
the cash flows associated with the assets. In the process, the interest rate parameters of the yield curve
are taken into account. The securities are listed and are valued on the basis of the stock market price
prevailing on the reporting date. The same procedure is used for listed shares under financial assets.
Trade payables and other liabilities regularly have short residual terms, and as a result their reported
values are very similar to their fair values. The fair values of non-current and current financial liabilities
are determined as cash values of the payments associated with the liabilities on the basis of the yield