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Note 23. Carrying amounts of financial assets and liabilities by category
As at 31 December 2016
Balance, € million Financial
assets/
liabilities
at fair value
through
profit or loss
Loans
and
receiv-
ables
Available-
for-sale
financial assets
Financial
liabilities at amortised cost
Derivatives
used for
hedging
Carrying
amounts of
assets as per
balance sheet
Fair value
Non-current financial assets
Available-for-sale financial assets 15.1 15.1 15.1
Non-current non-interest-bearing receivables 1.8 1.8 1.8
Derivatives 0.0 0.0 0.0
Non-current interest-bearing receivables 58.1 58.1 58.1
Derivatives 2.7 2.7 2.7
Total non-current interest-bearing receivables 58.1 2.7 60.8 60.8
Total non-current financial assets 59.9 15.1 2.7 77.8 77.8
Current financial assets
Trade and other non-interest-bearing receivables* 1,028.0 1,028.0 1,028.0
Derivatives 1.5 0.2 1.7 1.7
Total trade and other non-interest-bearing receivables* 1.5 1,028.0 1,029.7 1,029.7
Interest-bearing receivables 3.7 3.7 3.7
Financial assets at fair value through profit or loss 93.3 93.3 93.3
Available-for-sale financial assets 156.8 156.8 156.8
Total current financial assets 94.8 1,031.7 156.8 0.0 1,283.5 1,283.5
Carrying amount by category 94.8 1,091.6 171.9 2.7 1,361.3 1,361.3
Balance, € million Financial
assets/
liabilities
at fair value
through
profit or loss
Loans
and
receiv-
ables
Available-
for-sale
financial assets
Financial
liabilities at amortised cost
Derivatives
used for
hedging
Carrying
amounts of
assets as per
balance sheet
Fair value
Non-current financial liabilities
Non-current interest-bearing liabilities 358.7 358.7 364.8
Total non-current interest-bearing liabilities 358.7 358.7 364.8
Non-current non-interest-bearing liabilities 39.6 39.6 39.6
Derivatives 0.6 0.6 0.6
Total non-current non-interest-bearing liabilities 39.6 0.6 40.2 40.2
Total non-current financial liabilities 398.2 0.6 398.8 405.0
Current financial liabilities
Current interest-bearing liabilities 156.0 156.0 156.1
Total current interest-bearing liabilities 156.0 156.0 156.1
Trade payables 1,053.7 1,069.2 1,069.2
Other non-interest-bearing liabilities** 205.7 190.2 190.2
Derivatives 1.3 1.3 1.3
Total other non-interest-bearing liabilities** 205.7 1.3 191.6 191.6
Accrued expenses* 311.7 311.7 311.7
Derivatives 4.6 4.6 4.6
Total accrued expenses* 4.6 311.7 316.2 316.2
Total current financial liabilities 4.6 1,727.1 1.3 1,733.0 1,733.1
Carrying amount by category 4.6 2,125.3 1.9 2,131.8 2,138.1
As at 31 December 2015
Balance, € million Financial
assets/
liabilities
at fair value
through
profit or loss
Loans
and
receiv-
ables
Available-
for-sale
financial assets
Financial
liabilities at amortised cost
Derivatives
used for
hedging
Carrying
amounts of
assets as per
balance sheet
Fair value
Non-current financial assets
Available-for-sale financial assets 15.3 15.3 15.3
Non-current non-interest-bearing receivables 1.9 1.9 1.9
Non-current interest-bearing receivables 59.1 59.1 59.1
Derivatives 2.0 2.0 2.0
Total non-current interest-bearing receivables 59.1 2.0 61.1 61.1
Total non-current financial assets 61.0 15.3 2.0 78.2 78.2
Current financial assets
Trade and other non-interest-bearing receivables* 687.9 687.9 687.9
Derivatives 8.4 8.4 8.4
Total trade and other non-interest-bearing receivables* 8.4 687.9 696.3 696.3
Interest-bearing receivables 7.0 7.0 7.0
Derivatives 2.9 2.9 2.9
Total interest-bearing receivables 7.0 2.9 10.0 10.0
Financial assets at fair value through profit or loss 374.2 374.2 374.2
Available-for-sale financial assets 371.7 371.7 371.7
Total current financial assets 382.6 694.9 371.7 2.9 1,452.2 1,452.2
Carrying amount by category 382.6 755.9 387.0 4.9 1,530.4 1,530.4
Balance, € million Financial
assets/
liabilities
at fair value
through
profit or loss
Loans
and
receiv-
ables
Available-
for-sale
financial assets
Financial
liabilities at amortised cost
Derivatives
used for
hedging
Carrying
amounts of
assets as per
balance sheet
Fair value
Non-current financial liabilities
Non-current interest-bearing liabilities 258.3 258.3 269.5
Total non-current interest-bearing liabilities 258.3 258.3 269.5
Non-current non-interest-bearing liabilities 38.7 38.7 38.7
Derivatives 3.5 3.5 3.5
Total non-current non-interest-bearing liabilities 38.7 3.5 42.2 42.2
Total non-current financial liabilities 297.0 3.5 300.5 311.7
Current financial liabilities
Current interest-bearing liabilities 180.8 180.8 181.7
Derivatives 0.0 0.0 0.0
Total current interest-bearing liabilities 180.8 0.0 180.8 181.7
Trade payables 795.1 795.1 795.1
Other non-interest-bearing liabilities** 170.6 170.6 170.6
Derivatives 3.7 3.7 3.7
Total other non-interest-bearing liabilities** 170.6 3.7 174.3 174.3
Accrued expenses* 242.7 242.7 242.7
Derivatives 8.6 8.6 8.6
Total accrued expenses* 8.6 242.7 251.3 251.3
Total current financial liabilities 8.6 1,389.2 3.7 1,401.5 1,402.4
Carrying amount by category 8.6 1,686.1 7.2 1,702.0 1,714.1
* Excluding €21.2 million (€2.0 million) in income tax receivables and €9.0 million (€31.4 million) in income tax liabilities.
** Excluding €35.3 million (€38.2 million) in prepayments received.
The fair values of borrowings have been calculated based on the present value of future cash flows using the 0.1%−1.5% market rates of interest of the balance sheet date. The fair value of current interest-bearing liabilities has been estimated to approximately equal their balance sheet value. The maturity analysis of non-current receivables is presented in note 14, and that of non-current borrowings in note 32.