Porsche 2011 Annual Report Download - page 202

The principal risk variables for measurement of the options held by Porsche SE for the remaining
shares in Porsche Zwischenholding GmbH is the enterprise value in each case and, in SFY 2010, additionally
the executive board’s assessment of the theoretical probability of exercise. Since the merger had failed as of
the end of the reporting period within the framework and the timeframe defined by the basic agreement, no
assessment of the theoretical probability of exercise of the options was required by the executive board or
included in the measurement. Effects on profit or loss arising from a change in the risk variables are presented
in section 4.2.2.
The carrying amounts of financial assets and liabilities are allocated to the measurement categories in
accordance with IAS 39 as follows:
The net gains or losses of the respective measurement categories are as follows:
The net gains or losses from financial instruments at fair value through profit or loss are derived from
the fair value measurement including interest.
The net gains or losses from the loans and receivables category include interest income.
The net gains or losses from financial liabilities at amortized cost essentially comprise interest
expenses.
€ million 31/12/2011 31/12/2010
Financial assets at fair value through profit or loss 232 459
Held for trading (HfT) 232 459
Loans and receivables (LaR) 4,499 4,651
Financial liabilities at fair value through profit or loss 5,087 942
Held for trading (HfT) 5,087 942
Financial liabilities measured at amortized cost (FLAC) 6,029 11,026
€ million 2011 SFY 2010
Financial instruments at fair value through profit or loss – 4,372 – 298
Held for trading (HfT) – 4,372 – 298
Loans and receivables (LaR) 189 75
Financial liabilities measured at amortized cost (FLAC) – 367 – 213
202 FINANCIALS