Audi 2007 Annual Report Download - page 209

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27 Deferred tax liabilities
The temporary differences between tax bases and carrying amounts in the Consolidated
Balance Sheet are explained under “Deferred tax” in the recognition and measurement prin-
ciples, and under Note 10 “Income tax expense.” Pursuant to IAS 1, deferred tax liabilities
are reported as non-current liabilities, irrespective of their maturities.
28 Other liabilities
The derivative currency hedging instruments reported under other liabilities are measured
at market values. The overall line item for currency hedging instruments is shown under
“Other particulars” (Note 35).
Non-current other liabilities
EUR million Dec. 31, 2007 Dec. 31, 2006 Dec. 31, 2007 Dec. 31, 2006
Carrying amounts Fair values
Liabilities to affiliated companies 191 131 173 114
of which from derivative currency hedging instruments
(cash flow hedges) 23 17 23 17
of which from commodity futures 0 6 0 6
Other liabilities 97 70 97 70
of which relating to social insurance 30 20 30 20
Total 288 201 270 184
Liabilities having a time to maturity of more than five years amount to EUR 117 (148) million.
Current other liabilities
EUR million Dec. 31, 2007 Dec. 31, 2006
Liabilities to affiliated companies 1,754 1,112
of which from derivative currency hedging instruments
(cash flow hedges) 23 38
of which from commodity futures 2 4
Liabilities to associates 31 16
Advances received for orders from customers 238 170
Other liabilities 990 811
of which taxes 107 106
of which in respect of social insurance 105 94
Total 3,013 2,109
Other liabilities include obligations for derivative currency hedges in the amount of EUR 3
million.