Volvo 2009 Annual Report Download - page 116
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Notes to consolidated financial statements
Below is a presentation of derivative instruments and options.
Outstanding derivative instruments for dealing with currency
and interest-rate risks related to financial assets and liabilities
Dec 31, 2008 Dec 31, 2009
Notional
amount Carrying
value Notional
amount Carrying
value
Interest-rate swaps
– receivable
position 47,441 2,752 64,162 3,560
– payable
position 85,980 (2,038) 100,460 (2,948)
Forwards and futures
– receivable
position 19,443 11 0 0
– payable
position 17,740 (32) 30,274 (3)
Foreign exchange derivative contracts
– receivable
position 32,671 1,608 16,165 172
– payable
position 30,022 (766) 15,424 (214)
Options purchased
– receivable
position 1,675 139 1,985 116
– payable
position 428 (26) 353 (3)
Options written
– receivable
position 42 013 0
– payable
position 1,147 (116) 2,572 (117)
Total 1,532 563
Outstanding forward contracts and options contracts for
hedging of currency risk and interest risk of commercial
receivables and liabilities
Dec 31, 2008 Dec 31, 2009
Notional
amount Carrying
value Notional
amount Carrying
value
Foreign exchange derivative contracts
– receivable
position 25,712 2,190 9,307 416
– payable
position 41,773 (4,710) 5,448 (281)
Options purchased
– receivable
position 3,142 90 1,222 51
– payable
position – – – –
Options written
– receivable
position – – – –
– payable
position 3,214 (506) 1,193 –
Subtotal (2,936) 186
Raw materials derivative contracts
– receivable
position 85 38 367 42
– payable
position 443 (93) 106 (58)
Total (2,991) 170
FINANCIAL INFORMATION 2009
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