Mercedes 2012 Annual Report Download - page 229

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24. Financing liabilities
The composition of financing liabilities is presented
in table  7.62.
Liabilities from finance leases relate primarily to leases
of property, plant and equipment which transfer substantially
all risks and rewards to the Group as lessee. Future minimum
lease payments under finance leases at December 31, 2012
amounted to €576 million (2011: €712 million). The reconciliation
of future minimum lease payments from finance lease arrange-
ments to the corresponding liabilities is included in table  7.63.
25. Other financial liabilities
The composition of other financial liabilities is presented
in table  7.64.
Financial liabilities recognized at fair value through profit
or loss relate exclusively to derivative financial instruments
which are not used in hedge accounting.
Further information on other financial liabilities is provided
in Note 30.
Financing liabilities
At December 31, 2012 At December 31, 2011
Current Non-current Total Current Non-current Total
In millions of euros
Notes/bonds 7,770 27,926 35,696 5,594 20,725 26,319
Commercial paper 1,768 – 1,768 1,233 – 1,233
Liabilities to financial institutions 11,629 8,581 20,210 10,574 8,601 19,175
Deposits in the direct banking business 8,481 3,640 12,121 7,012 4,023 11,035
Liabilities from ABS transactions 2,505 2,644 5,149 1,534 1,654 3,188
Liabilities from finance leases 55 320 375 91 373 464
Loans, other financing liabilities 703 229 932 663 90 753
32,911 43,340 76,251 26,701 35,466 62,167
7. 6 2
Minimum lease payments from finance lease arrangements
Future minimum
lease payments
Interest included in future
minimum lease payments
Liabilities from finance
lease arrangements
At December 31, At December 31, At December 31,
2012 2011 2012 2011 2012 2011
In millions of euros
Maturity
within one year 69 111 14 20 55 91
between one and five years 191 219 69 78 122 141
later than five years 316 382 118 150 198 232
576 712 201 248 375 464
7. 6 3
Other financial liabilities
At December 31, 2012 At December 31, 2011
Current Non-current Total Current Non-current Total
In millions of euros
Derivative financial instruments used
in hedge accounting
447 173 620
691 594 1,285
Financial liabilities recognized at fair
value through profit or loss
163 90 253
613 253 866
Liabilities from residual value guarantees 790 874 1,664 1,046 779 1,825
Liabilities from wages and salaries 790 208 998 999 – 999
Other 4,490 366 4,856 4,433 285 4,718
Miscellaneous other financial liabilities 6,070 1,448 7,518 6,478 1,064 7,542
6,680 1,711 8,391 7,782 1,911 9,693
7. 6 4