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ConSoLIDAteD FInAnCIAL StAteMentS other disclosures
other disClosures
29. FINaNCIal INSTRuMENTS aND RISK MaNaGEMENT
Carrying amounts, valuations and fair values according to measurement category
in € thousand
Financial assets *
Measurement
category pursuant
to IaS 39
Carrying
amount
31 Dec 2011
amortised
cost
Balance sheet amount in line with IaS 39
Costs Fair value
recognised
in equity
Non-current financial assets AfS 27,815 15,381 12,434
Trade receivables LaR 5,606 5,606
Other assets** LAR 1,783 1,153 630
Cash and cash equivalents LaR 64,408 64,408
Financial liabilities *
Bank loans and overdrafts FLAC 1,472,149 1,472,149
Right to redeem of limited partners FLAC 280,078 280,078
Trade payables FLAC 2,835 2,835
Other liabilities FLAC 45,999 7,924 38,075
Aggregated according to measurement category
pursuant to IAS 39:
Loans and receivables (LaR) 71,797 71,167 630
Available for sale (AfS)
Financial liabilities measured at amortised cost
27,815 0 15,381 12,434
(FLAC) 1,801,061 1,762,986 38,075
* Corresponds to level 2 of the IFRS 7 fair value hierarchy
** The previous year’s figure has been restated.
Investments measured using the equity method are reported at fair value. Any write-ups in the year under review are recognised in net profit or
loss for the period.
Trade receivables, other assets and cash and cash equivalents, with the exception of interest rate swaps - which are recognised at present value –
have predominantly short residual terms. The carrying amounts thus correspond to the fair value. The change in the present value of the longterm
interest rate swap recognised was € 162 thousand (previous year: € 161 thousand).
Bank loans and overdrafts have long-term durations and are recognised at amortised cost. The fair value for Group loans is given in the notes under
item 11 “Bank loans and overdrafts”. In total, interest expense of € 65,761 thousand (previous year: € 54,075 thousand) is included in net finance
costs.
Trade payables and other liabilities, with the exception of interest rate swaps – which are recognised at present value – usually have short residual
terms. The carrying amounts thus correspond to the fair value.
56 Des Annual Report 2011