Panalpina Annual Report 2011

102
Consolidated Financial Statements 2011
2010 (in thousand CHF)
Panalpina Annual Report 2011
Cash
Available-
for-sale
Fair value
through
profit or
loss held
for trading
Loans and
receivables
Carrying
amount
Total
(fair value)
Trade receivables and other receivables 1,055,438 1,055,438 1,055,438
Unbilled forwarding services 74,742 74,742 74,742
Accrued interest income 340 340 340
Cash and cash equivalents 1,423 527,513 528,936 528,936
Other current financial assets 6,089 6,089 6,089
Derivative financial instruments
Investments:
20,454 20,454 20,454
Bonds and debentures 181 181 181
Shares 15,625 394 16,019 16,019
Other investments 241 241 241
Third-party loans 354 354 354
Rental and guarantee deposits 12,849 12,849 12,849
Total on December 31, 2010 1,423 15,625 21,270 1,677,325 1,715,643 1,715,643
2010 (in thousand CHF)
Financial
liabilities at
fair value
through
profit or loss
Financial
liabilities
measured
at amortized
cost
Carrying
amount
Total
(fair value)
Payables and accruals 830,310 830,310 830,310
Borrowings 8,858 8,858 8,858
Finance lease liabilities 879 879 992
Derivative financial instruments 5,532 5,532 5,532
Provisions and other liabilities 120,451 120,451 120,451
Total on December 31, 2010 5,532 960,498 966,030 966,143
Fair value hierarchy
The table below analyzes financial instruments carried at fair value, by valuation method. The different levels have been defined as follows:
• Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities
• Level 2: inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly
(ie, as prices) or indirectly (ie, derived from prices)
• Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).