Merck 2010 Annual Report Download - page 198
Download and view the complete annual report
Please find page 198 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 net result of financial instruments comprises the impact of financial instruments on income.
This includes mainly measurement results from currency translation, the adjustment to fair value,
write-downs and write-ups as well as the recognition of premiums and discounts. Dividends and
interest are not recognized in the net result of financial instruments, except for in the category
“held for trading”. Interest paid and earned is only included in the category “Financial assets and
liabilities at fair value through profit/loss”.
The net result of financial instruments by category are as follows:
2010 EUR million Interest
Net results
Write-
downs Write-ups
Fair value
changes
Disposal
gains/
losses
Financial instrument of the category
Held for trading – – – 18.3 –
Held to maturity 15.2 –0.2 0.0 – 1.5
Loans and receivables 5.2 –72.4 9.3 – 0.0
Available for sale 10.8 –2.1 0.0 – 0.0
Other liabilities –195.7 – – – –
2009 EUR million Interest
Net results
Write-
downs Write-ups
Fair value
changes
Disposal
gains/
losses
Financial instrument of the category
Held for trading – – – 18.6 –
Held to maturity 1.1 0.0 0.0 – 0.0
Loans and receivables 30.6 –30.8 2.9 – 0.0
Available for sale 1.9 –2.6 0.0 – 1.3
Other liabilities –92.9 – – – –
In 2010, exchange rate gains of EUR 22.9 million resulting from receivables and payables in oper-
ating business were recognized (2009: losses of EUR –9.7 million). Income totaling EUR 1.8 million
was recorded for hedging transactions in operating business (2009: EUR 3.1 million). Exchange rate
gains of EUR 1.1 million (2009: losses of EUR 3.7 million) were booked for financial receivables/
payables and measures to secure them. A gain of EUR 11.8 million (2009: loss of EUR –3.3 million)
was booked for hedging of financing transactions.
194 Merck Annual Report 2010