Audi 2011 Annual Report Download - page 225

222
LIABILITIES
25 Financial liabilities
Non-current financial liabilities
EUR million Dec. 31, 2011 Dec. 31, 2010
Liabilities from loans 3 15
Liabilities from financial lease agreements 18 –
Total 21 15
The carrying amounts correspond to the fair values.
Current financial liabilities
EUR million Dec. 31, 2011 Dec. 31, 2010
Liabilities to affiliated factoring companies 1,001 714
Loans from affiliated companies 158 88
Liabilities to banks 12 8
Liabilities from financial lease agreements 1 –
Total 1,172 810
Measurement of the non-current and current financial lease agreements is based on market
interest rates in each case.
The carrying amounts correspond to the fair values due to the short-term maturities.
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, 2011 Dec. 31, 2010 Dec. 31, 2011 Dec. 31, 2010
Carrying amounts Fair values
Negative fair values of derivative
financial instruments 545 229 545 229
of which to affiliated companies 538 204 538 204
Liabilities from other taxes 47 24 47 24
Social security liabilities 38 33 38 33
Liabilities from payroll accounting 82 71 82 71
Other liabilities 368 355 368 353
of which to affiliated companies 151 208 151 206
of which advances received 192 126 192 126
Total 1,080 712 1,080 710
Liabilities having a time to maturity of more than five years amount to EUR 101 (91) million.