Audi 2012 Annual Report Download - page 235

238
LIABILITIES
27 Financial liabilities
Non-current financial liabilities
EUR million Dec. 31, 2012 Dec. 31, 2011
Liabilities from loans 1 3
Liabilities to banks 15 –
Liabilities from financial lease agreements 129 18
Total 145 21
The carrying amounts correspond to the fair values.
Current financial liabilities
EUR million Dec. 31, 2012 Dec. 31, 2011
Liabilities to affiliated factoring companies 1,057 1,001
Loans from affiliated companies 103 158
Liabilities to banks 1 12
Liabilities from financial lease agreements 7 1
Total 1,168 1,172
The carrying amounts correspond to the fair values due to the short-term maturities.
Measurement of the non-current and current financial lease agreements is based on market
interest rates in each case.
28 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.
29 Other financial liabilities
The financial liabilities reported in previous years under “Other liabilities” are presented in more
detail in both the current and non-current areas for the 2012 fiscal year. The prior year’s figures
have been broken down accordingly.
Non-current other financial liabilities
EUR million Dec. 31, 2012 Dec. 31, 2011
Negative fair values from derivative financial instruments 218 545
of which to affiliated companies 203 538
Miscellaneous financial liabilities 26 24
Total 244 569
The derivative currency hedging instruments reported under other financial liabilities are meas-
ured at market values. The total item of currency hedging instruments is presented under Note 37,
“Management of financial risks.”