Porsche 2010 Annual Report Download - page 206

Financials
204
The market value of financial instruments is determined by reference to stock market listings, refer-
ence prices or generally accepted valuation models such as the discounted cash flow method. The
following term structure of interest rates is used where appropriate (amounts given in %):
The following table shows the reconciliation of the items of the balance sheet to the classes of
financial instruments, as well as the comparison of carrying amount and fair value:
EUR 31/12/2010 31/7/2010
Interest rate for 6 months 1.23 1.11
Interest rate for 1 year 1.51 1.39
Interest rate for 5 years – 2.15
Interest rate for 10 years – 2.95
Interest rate for 15 years – 3.33
Measurement 31/12/2010 31/7/2010
category
under IAS 39 Carrying Fair Carrying Fair
€ million amount value amount value
Assets
Derivative financial instruments 459 459 311 311
Interest derivatives HfT 0 0 2 2
Stock price derivatives HfT 0 0 8 8
Other derivatives HfT 459 459 301 301
Other financial receivables LaR 4,027 4,027 4,020 4,020
Financial guarantees LaR 2 2 1 1
Cash and cash equivalents LaR 622 622 898 898
Equity and liabilities
Financial liabilities 10,844 10,880 10,825 10,880
Financial liabilities FLAC 10,844 10,880 10,825 10,880
Trade payables FLAC 33 33 6 6
Other financial liabilities FLAC 149 149 153 153
Derivative financial instruments 942 942 417 417
Stock price derivatives HfT 0 0 22 22
Other derivatives HfT 942 942 395 395