Porsche 2009 Annual Report Download - page 237

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Market values of the derivatives are determined using market data on the reporting date, in
some cases also using historical data where no market data are available, and suitable valuation
techniques. The above table contains the notional 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 list-
ings, reference prices or generally accepted calculation models such as the discounted cash flow
method. The following term structure of interest rates is used where appropriate (amounts given
in %):
31/7/2010 EUR
Interest rate for 6 months 1.11
Interest rate for 1 year 1.39
Interest rate for 5 years 2.15
Interest rate for 10 years 2.95
Interest rate for 15 years 3.33
31/7/2009 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
31/7/2009 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 – 0.81 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 2.53 – 3.10 1.71 – 1.84 4.25 – 4.15