Mercedes 1999 Annual Report Download - page 97

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(in millions of €, except per share amounts)
NOTES TO THE CONSOLIDATED BALANCE SHEETS
Carrying amounts and fair values of debt and equity securities in-
cluded in securities and investments for which fair values are
readily determinable are classified as follows:
8,114 8,486 522 150 10,501 11,183 706 24
487 483 – 4 934 977 44 1
8,601 8,969 522 154 11,435 12,160 750 25
296 784 488 – 278 675 397 –
8,897 9,753 1,010 154 11,713 12,835 1,147 25
At December 31, 1999
Fair
value Gain
At December 31, 1998
Gain
Fair
valueCostCost
Unrealized
Loss
Unrealized
Loss
Available-for-sale
Trading
Securities
Investments and long-term
financial assets available-for-sale
The aggregate costs, fair values and gross unrealized holding gains
and losses per security class are as follows:
At December 31, 1999
Fair
value Gain
At December 31, 1998
Gain
Fair
valueCostCost
Unrealized
Loss
Unrealized
Loss
Equity securities
Debt securities issued by the German
government and its agencies
Municipal securities
Debt securities issued by
foreign governments
Corporate debt securities
Equity-based funds
Debt-based funds
Asset-backed securities
Other marketable debt securities
Available-for-sale
Trading
977 1,662 698 13 1,116 1,623 512 5
159 167 8 – 93 93 – –
20 20 – – 418 418 – –
1,682 1,654 13 41 892 893 4 3
1,234 1,210 – 24 1,459 1,478 31 12
935 1,191 276 20 1,761 1,970 209 –
2,526 2,495 15 46 4,309 4,654 345 –
622 616 – 6 597 595 1 3
255 255 – – 134 134 1 1
8,410 9,270 1,010 150 10,779 11,858 1,103 24
487 483 – 4 934 977 44 1
8,897 9,753 1,010 154 11,713 12,835 1,147 25
The estimated fair values of investments in debt securities, by con-
tractual maturity, are shown below. Expected maturities may differ
from contractual maturities because borrowers may have the right
to call or prepay obligations with or without penalty.
1998
At December 31,
1,473 975
1,806 2,122
477 129
166 385
3,922 3,611
1999
Due within one year
Due after one year through five years
Due after five years through ten years
Due after ten years
Available-for-sale
Proceeds from disposals of available-for-sale securities were
€6,540 (1998: €2,734; 1997: €1,432), including €4,059 related to
the contribution to the DaimlerChrysler Pension Trust (see Note
22a). Gross realized gains from sales of available-for-sale securities
were €627 (1998: €98; 1997: €92), while gross realized losses were
€4 (1998: €8; 1997: €1). DaimlerChrysler uses the specific identifi-
cation method as a basis for determining cost and calculating real-
ized gains and losses.
Other securities classified as cash equivalents were approximately
€5,400 and €4,600 at December 31, 1999 and 1998, respectively,
and consisted primarily of purchase agreements, commercial pa-
per and certificates of deposit.
91