Porsche 2008 Annual Report Download - page 223

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221
The hedged items in cash flow hedges are expected to be realized largely in accordance with the
maturity buckets of the hedges reported in the table. Market values of the derivatives are deter-
mined using market data on the balance sheet date and suitable valuation methods. The table
contains the nominal volume of the derivative financial instruments both on the assets and the
liabilities side.
6. Measurement of financial instruments
The market value of financial instruments is determined by reference to stock market listings,
reference prices or generally accepted calculation models such as the discounted cash flow
method. The following term structure of interest rates was used where appropriate:
EUR USD GBP MXN AUD
Interest rate for 6 months 1.13-1.31 0.93-1.11 1.10-1.41 4.70 3.81
Interest rate for 1 year 1.35-1.50 1.50-1.61 1.42-1.70 4.74 4.40
Interest rate for 5 years 2.81-2.90 2.90-2.99 3.67 7.17 5.71
Interest rate for 10 years 3.56-3.65 3.69-3.85 4.14-4.24 8.14 6.09
Interest rate for 15 years 3.94-4.05 3.98-4.13 4.36-4.46 – 6.12
RUB CHF JPY CAD SEK CZK
Interest rate for 6 months 12.38-13.00 0.47-0.51 0.64-0.70 1.10 1.33 2.30
Interest rate for 1 year 11.75-12.76 0.77-0.81 0.83-0.87 1.60 1.60 2.58
Interest rate for 5 years 11.85-12.28 1.70-1.88 0.89-0.92 2.76 2.84 3.47
Interest rate for 10 years 12.05-12.30 2.52-2.72 1.39-1.49 3.60 3.72 3.84
Interest rate for 15 years 12.30 2.52-3.10 1.71-1.84 4.25 – 4.15