Audi 2007 Annual Report Download - page 200

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The net results for financial instruments include the net income or expense from interest,
fair value measurements, foreign currency translation, reductions for impairment and dis-
posal gains.
The “financial instruments at fair value through profit or loss” category presents the re-
sults from the settlement and measurement of commodity futures. The “loans and receiv-
ables” category essentially consists of factoring expenses. The net result for available-for-
sale financial assets predominantly comprises income from the cash pool and investments
in securities.
Interest income and expense for financial instruments not measured at fair value
EUR million 2007 2006
Interest income 28 26
Interest expense – 153 – 128
Interest income and expense – 125 – 102
Impairment losses for financial assets by category
EUR million 2007 2006
Measured at fair value – 2
Measured at amortized cost 35 72
Impairment losses 35 74
The impairment losses relate to value adjustments of financial assets.
No impairment was applied to financial instruments falling outside the scope of IFRS 7.
Gains and losses from hedging relationships
The amount of EUR 190 (–78) million was generated through the realization of foreign
currency hedges in connection with cash flow hedges in the 2007 fiscal year.