Audi 2014 Annual Report Download - page 250

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE BALANCE SHEET
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26 /
FINANCIAL LIABILITIES
26.1 / NON-CURRENT FINANCIAL LIABILITIES
EUR million Dec. 31, 2014 Dec. 31, 2013
Loans 20 13
Liabilities from finance leases 195 172
Non-current financial liabilities 215 186
26.2 / CURRENT FINANCIAL LIABILITIES
EUR million Dec. 31, 2014 Dec. 31, 2013
Liabilities to factoring companies 1,376 1,155
Loans 38 65
Liabilities from finance leases 8 7
Current financial liabilities 1,422 1,228
Measurement of the non-current and current finance leases is
based on market interest rates in each case.
27 / 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 mea-
surement principles,” and under Note 10, “Income tax ex-
pense.”
Pursuant to IAS 1, deferred tax liabilities are reported as non-
current liabilities, irrespective of their maturities.
28 / OTHER FINANCIAL LIABILITIES
28.1 / NON-CURRENT OTHER FINANCIAL LIABILITIES
EUR million Dec. 31, 2014 Dec. 31, 2013
Negative fair values from derivative financial instruments 739 194
Miscellaneous financial liabilities 1 2
Non-current other financial liabilities 741 196
The derivative currency hedging instruments reported under
other financial liabilities are measured at market values. The
total item of currency hedging instruments is presented under
Note 36, “Management of financial risks.”