Merck 2010 Annual Report Download - page 195
Download and view the complete annual report
Please find page 195 of the 2010 Merck 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
 |
 |
The following tables present the contractually set payments such as repayments and interest on
financial liabilities and derivative financial instruments with a negative market value:
EUR million as of
Dec. 31, 2010 Book value
Cash flows
2011
Cash flows
2012–2016
Cash flows
2017–2023
Interest
Repay-
ment Interest
Repay-
ment Interest
Repay-
ment
Debt securities and
commercial paper 4,983.6 190.4 35.3 643.3 3,509.5 213.8 1,419.3
Bank loans and over-
drafts 115.7 1.7 81.2 3.1 29.9 0.1 4.6
Liabilities to related
parties 190.3 – 190.3 – – – –
Loans from third par-
ties and other financial
liabilities 78.1 4.5 11.0 8.0 58.7 – 8.5
Liabilities from
derivatives (financial
transactions) 108.7 – 28.7 – 80.0 – –
Financial leasing
liabilities 7.1 0.1 0.7 0.2 4.1 – 2.3
5,483.5 196.7 347.2 654.6 3,682.2 213.9 1,434.7
EUR million as of
Dec. 31, 2009 Book value
Cash flows
2010
Cash flows
2011–2015
Cash flows
2016–2022
Interest
Repay-
ment Interest
Repay-
ment Interest
Repay-
ment
Debt securities and
commercial paper 1,990.3 83.6 500.0 170.9 1,350.0 14.1 130.0
Bank loans and
overdrafts 87.4 1.6 63.8 3.5 14.8 0.4 5.2
Liabilities to related
parties 118.8 – 118.8 – – – –
Loans from third
parties and other
financial liabilities 82.9 4.2 11.9 8.4 61.2 0.1 9.7
Liabilities from
derivatives (financial
transactions) 17.5 2.1 16.0 10.6 1.2 – –
Financial leasing
liabilities 10.4 0.7 5.9 0.3 4.5 – –
2,307.3 92.2 716.4 193.7 1,431.7 14.6 144.9
Merck is only subject to a very low credit risk, meaning the unexpected loss of payment funds
or income. Financial contracts are only entered into with banks with good ratings and the broad-
based business structure of the Merck Group means that there is no particular concentration of
credit risks. The credit risk with customers is continuously monitored by analyzing the age structure
of trade accounts receivable. The theoretically maximum default risk corresponds to the book values.
Company 191Management Report Corporate governance Consolidated Financial Statements
Notes
More information