2011 Annual Report - OTCIQ.com

140 Notes
(31) Additional Disclosures on Financial
Instruments
The carrying amounts of the financial instruments, their
grouping into IAS 39 measurement categories, their fair values
and their measurement sources by class are presented in the
following table:
Carrying Amounts, Fair Values and Measurement Categories by Class
within the Scope of IFRS 7 as of December 31, 2011
Total
carrying
amounts IAS 39
within the measure-
Carrying scope of ment
€ in millions
amounts IFRS 7 category1 Determined Derived
using from active
market market
Fair value prices prices
Equity investments 1,908 1,908 AfS 1,908 159 188
Financial receivables and other financial assets 5,408 5,382 5,667 – –
Receivables from finance leases 1,051 1,051 n/a 1,051 – –
Other financial receivables and financial assets 4,357 4,331 LaR 4,616 – –
Trade receivables and other operating assets 34,556 31,584 31,584 2,946 8,564
Trade receivables 18,065 18,065 LaR 18,065
Derivatives with no hedging relationships 10,874 10,874 HfT 10,874 2,946 7,674
Derivatives with hedging relationships 890 890 n/a 890 – 890
Other operating assets 4,727 1,755 LaR 1,755 – –
Securities and fixed-term deposits 7,983 7,983 AfS 7,983 6,438 1,545
Cash and cash equivalents 3,852 3,852 AfS 3,852 3,747 105
Restricted cash 89 89 AfS 89 82 7
Assets held for sale 620 308 AfS 308 30 278
Total assets 54,416 51,106 51,391 13,402 10,687
Financial liabilities 29,914 29,854 34,736 – –
Bonds 23,356 23,356 AmC 28,026 – –
Commercial paper 869 869 AmC 869 – –
Bank loans/Liabilities to banks 1,189 1,189 AmC 1,189 – –
Liabilities from finance leases 778 778 n/a 979 – –
Other financial liabilities 3,722 3,662 AmC 3,673 – –
Trade payables and other operating liabilities 37,786 31,477 31,477 3,592 7,361
Trade payables 4,871 4,871 AmC 4,871 – –
Derivatives with no hedging relationships 10,841 10,841 HfT 10,841 3,592 6,645
Derivatives with hedging relationships 716 716 n/a 716 – 716
Put option liabilities under IAS 32 821 821 AmC 821 – –
Other operating liabilities 20,537 14,228 AmC 14,228 – –
Total liabilities 67,700 61,331 66,213 3,592 7,361
1 AfS: Available for sale; LaR: Loans and receivables; HfT: Held for trading; AmC: Amortized cost. The categories are described in detail in Note 1. The values of financial instruments
measured at fair value (AfS, HfT, n/a) using valuation techniques with unobservable inputs (Level 3 of the fair value hierarchy) can be derived from the difference between the
fair values of the two disclosed fair value hierarchies and the total fair value of the listed categories.
The carrying amounts of cash and cash equivalents and of
trade receivables are considered reasonable estimates of their
fair values because of their short maturity.
Where the value of a financial instrument can be derived from
an active market without the need for an adjustment, that
value is used as the fair value. This applies in particular to
equities held and to bonds held and issued.