Porsche 2010 Annual Report Download - page 205

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5 Methods for monitoring hedge effectiveness
In SFY 2010, as in the comparative period, hedge accounting was not used in continuing
operations.
6 Measurement of financial instruments
The table below contains the notional amounts of the derivative financial instruments both on the
assets and the liabilities side.
No stock options were held any more as of the reporting date. Hedge accounting is not
applied for the remaining derivative financial instruments. The notional amounts of options on non-
stock company shares contain the put option relating to the remaining shares held by Porsche SE in
Porsche Zwischenholding GmbH amounting to €3,893 million and the call option of the same
amount.
Market values of the derivatives are determined using market data as of the reporting date,
in some cases also using historical data where no market data are available, and suitable valuation
techniques.
Notional amount Total
notional
Due Due Due amount
€ million
within one
year
in 1 to 5
years
in more than
five years
31 December 2010
Interest derivatives 7,000 0 0 7,000
Options on non-stock company shares 0 7,786 0 7,786
7,000 7,786 0 14,786
31 July 2010
Interest derivatives 5,000 2,000 0 7,000
Stock price derivatives with positive carrying amount 469 0 0 469
Stock price derivatives with negative carrying amount 469 0 0 469
Options on non-stock company shares 0 7,786 0 7,786
5,938 9,786 0 15,724