Mercedes 2009 Annual Report Download - page 244
Download and view the complete annual report
Please find page 244 of the 2009 Mercedes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234 -
235 -
236 -
237 -
238 -
239 -
240 -
241 -
242 -
243 -
244 -
245 -
246 -
247 -
248 -
249 -
250 -
251 -
252 -
253 -
254 -
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
 |
 |
240
The following table shows the period-end, high, low and average
value at risk figures for the 2009 and 2008 portfolio of interest
rate sensitive financial instruments of the Group, including
the leasing and sales financing business. The average values have
been computed on an end-of-quarter basis.
The average value at risk of the interest rate sensitive
financial instruments decreased in 2009 due to lower interest
rate volatilities.
Commodity price risk. Daimler is exposed to the risk of
changes in raw material prices in connection with procuring raw
materials and manufacturing supplies used in production.
Some of the raw material price risk, primarily relating to procur-
ing of certain metals, is mitigated with the use of derivative
financial instruments.
The following table shows the period-end, high, low and average
value at risk figures for the 2009 and 2008 portfolio of derivative
financial instruments used to hedge raw material price risk.
The average exposure has been computed on an end-of-quarter
basis. The offsetting transactions underlying the derivative
financial instruments are not included in the following value at
risk presentation.
The period-end value at risk of financial instruments used to
hedge commodity price risks decreased in 2009 as a result of
lower commodity price volatilities.
Equity price risk. Daimler holds investments in marketable
equity securities and equity derivatives. In line with international
banking standards, the Group does not include investments in
marketable equity securities that it classifies as long-term invest-
ments in its equity price risk assessment. Also not included in
this assessment are equity derivatives used to hedge the market
price risk of investments accounted for using the equity method.
The remaining equity price risk in the years 2009 and 2008 was
not, and is not currently, material to Daimler.
2008
Average
LowHighPeriod-end
2009
AverageLowHighPeriod-end
4949 33 41 13 163 13 79
in millions of €
Interest rate risk
2008
Average
LowHighPeriod-end
2009
AverageLowHighPeriod-end
3524 21 27 41 45 525
in millions of €
Commodity price risk
(from derivative financial instruments)