Annual Report 2007 - hci hammonia shipping ag

The Company Management Report Financial Statements Notes(36) Other non-cash investing and financing activitiesNo material non-cash transactions occurred in the financial years 2007 and 2006.Notes on segment reporting(37) General informationSince the HCI HAMMONIA SHIPPING Group only commenced operations towards the end of thereporting period, and its business activities currently only consist of one business segment (charteredshipping with medium-sized container vessels), the Group is not required to prepare a segment report inaccordance with IAS 14.Other disclosures(38) Financial instruments and management of financial risks(a) Financial instruments(i) Disclosures to financial instrumentsThe carrying amounts of the financial assets by measurement categories in accordance with IAS 39 areas follows:Loans and receivablesEUR 000’s 31 Dec 2007 31 Dec 2006Trade receivables 81 0Receivables from related parties 2 0Other financial assets 355 0Cash and cash equivalents 48,482 50The following table shows the carrying amounts of financial liabilities by measurement categories, inaccordance with IAS 39: Derivative hedging instruments in accordance with IAS 39 are not classifiedto a measurement category within the meaning of IAS 39. They are disclosed only for the sake of completeness:Derivative hedgingFinancial liabilities instruments in accordanceat amortised cost with IAS 39EUR 000’s 31 Dec 2007 31 Dec 2006 31 Dec 2007 31 Dec 2006Financial liabilities 82 0 0 0Trade payables 618 6 0 0Payables to related parties 1,453 0 0 0Minority interests 783 0 0 0Other liabilities 1,016 0 582 0The carrying amounts reported in the individual IAS 39 categories can be reconciled as follows to theclasses of financial instruments on the basis of their individual characteristics:60