Porsche 2008 Annual Report Download - page 209

207
The liabilities from long-term development contracts are calculated as follows:
The fair values of trade payables generally correspond to the carrying amounts.
[29] Non-current and current financial liabilities
Financial liabilities break down as follows:
Liabilities to banks are recognized at amortized cost.
31/7/2009 31/7/2009 31/7/2008
€ million
Porsche
without VW
Costs of conversion including outcome of
the long-term development contracts 15 15 14
thereof services billed to customers – 3 – 3– 4
Future receivables from long-term development contracts
before advance payments received 12 12 10
Advance payments received – 14 – 14 – 15
2 25
€ million
Total Porsche
without VW
Current Porsche
without VW
Non-current Porsche
without VW
31/7/2009
Bonds 36,211 2,995 9,334 568 26,877 2,427
Commercial paper and notes 10,426 05,555 0 4,871 0
Liabilities to banks 25,480 11,337 11,190 4,899 14,290 6,438
Deposits from direct banking business 19,085 016,628 0 2,457 0
Finance lease liabilities 207 036 0 171 0
Financial liabilities to affiliated companies 154 0154 0 0 0
Other financial liabilities 2,058 2,058 820 820 1,238 1,238
93,621 16,390 43,717 6,287 49,904 10,103
31/7/2008
Bonds 2,295 2,295 0 0 2,295 2,295
Commercial paper and notes 0 0 0 0 0 0
Liabilities to banks 12,175 12,175 12,116 12,116 59 59
Deposits from direct banking business 0 0 0 0 0 0
Finance lease liabilities 0 0 0 0 0 0
Financial liabilities to affiliated companies 0 0 0 0 0 0
Other financial liabilities 1,916 1,916 781 781 1,135 1,135
16,386 16,386 12,897 12,897 3,489 3,489