Audi 2008 Annual Report Download - page 223

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27 Other liabilities
The derivative currency hedging instruments reported under other liabilities are measured at
market values. The total item of currency hedging instruments is presented under Note 34,
“Management of financial risks.”
Non-current other liabilities
EUR million Dec. 31, 2008 Dec. 31, 2007 Dec. 31, 2008 Dec. 31, 2007
Carrying amounts Fair values
Liabilities to affiliated companies 356 191 337 173
of which from negative fair values
of derivative financial instruments 122 23 122 23
Other liabilities 91 97 89 97
of which relating to social insurance 28 30 28 30
Total 447 288 426 270
Liabilities having a time to maturity of more than five years amount to EUR 168 (117) million.
Current other liabilities
EUR million Dec. 31, 2008 Dec. 31, 2007
Liabilities to affiliated companies 1,738 1,754
of which from negative fair values of derivative financial instruments 120 25
Liabilities to associated companies 6 31
Advances received for orders from customers 238 238
Other liabilities 1,112 990
of which taxes 147 107
of which relating to social insurance 109 105
of which from negative fair values of derivative financial instruments – 3
Total 3,094 3,013
The negative fair values of derivative financial instruments are composed as follows:
EUR million Dec. 31, 2008 Dec. 31, 2007
Transactions to hedge against
currency risks from future payment streams (cash flow hedges) 125 49
commodity price risks from future payment streams
(cash flow hedges) 70 –
Assets from hedge-ineffective derivatives 47 2
Negative fair values of derivative financial instruments 242 51