Merck 2008 Annual Report Download - page 103

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Notes to the balance sheet
[16] Cash and cash equivalents
This item comprises:
€ million
Dec. 31,
2008
Dec. 31,
2007
Cheques, cash and bank balances 329.1 292.6
Short-term cash investments 363.6 134.0
692.7 426.6
Changes in cash and cash equivalents as defined by IAS 7 are presented in the cash
flow statement. This item includes short-term receivables due from related parties and
affiliates amounting to € 2.6 million (2007: € 3.0 million).
[17] Marketable securities and financial assets
This item comprises the following categories:
€ million
Dec. 31,
2008
Dec. 31,
2007
Financial investments held to maturity 27.0 39.3
Available for sale financial investments 20.5 10.9
Financial investments held for trading 0.9 0.7
Short-term financial investments/loans to third parties 0.1 500.5
Derivative assets (financial transactions) 128.3 13.9
176.8 565.3
In 2007, the funds from the issuance of a bond amounting to € 497.9 million were
invested in short-term financial investments and used in 2008 for intragroup financ-
ing purposes.
Loans to third parties declined in value by € 1.3 million (2007: € 0.0 million). They
were not past due for 2008 or 2007.
No reclassifications of assets were made across the individual categories during the
fiscal year.
98 | Merck Annual Report 2008