Audi 2010 Annual Report Download - page 220

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26 Deferred tax liabilities
The temporary differences between tax bases and carrying amounts in the Consolidated Financial
Statements are explained under “Deferred tax” in the recognition and measurement principles,
and under Note 10, “Income tax expense.” Pursuant to IAS 1, deferred tax liabilities are reported
as non-current liabilities, irrespective of their maturities.
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, 2010 Dec. 31, 2009 Dec. 31, 2010 Dec. 31, 2009
Carrying amounts Fair values
Negative fair values of derivative
financial instruments 229 179 229 179
of which to affiliated companies 204 33 204 33
Liabilities from other taxes 24 924 9
Social security liabilities 33 28 33 28
Liabilities from payroll accounting 71 61 71 61
Other liabilities 355 250 353 235
of which to affiliated companies 208 249 206 234
of which advances received 126 1126 1
Total 712 527 710 512
Liabilities having a time to maturity of more than five years amount to EUR 91 (181) million.
Current other liabilities
EUR million Dec. 31, 2010 Dec. 31, 2009
Advances received 544 443
of which from affiliated companies 64 84
of which from associated companies 112 71
Negative fair values of derivative financial instruments 291 120
of which to affiliated companies 188 40
Liabilities from other taxes 205 176
of which to affiliated companies 56 46
Social security liabilities 121 84
Liabilities from payroll accounting 742 470
Other liabilities 2,545 1,603
of which to affiliated companies 2,350 1,445
Total 4,447 2,895
The negative fair values of derivative financial instruments are composed as follows:
EUR million Dec. 31, 2010 Dec. 31, 2009
Cash flow hedges to hedge against
currency risks from future payment streams 389 61
commodity price risks from future payment streams 0 2
Other derivative financial instruments 132 236
Negative fair values of derivative financial instruments 521 298