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Note 23. Carrying amounts of financial assets and liabilities by category
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
As at 31 December 2014
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 13.1 13.1 13.1
Non-current non-interest-bearing receivables 1.0 1.0 1.0
Non-current interest-bearing receivables 6.1 6.1 6.1
Total non-current financial assets 7.1 13.1 20.2 20.2
Current financial assets
Trade and other non-interest-bearing receivables* 690.0 690.0 690.0
Derivatives 31.5 31.5 31.5
Total trade and other non-interest-bearing receivables* 31.5 690.0 721.5 721.5
Interest-bearing receivables 11.0 11.0 11.0
Financial assets at fair value through profit or loss 219.3 219.3 219.3
Available-for-sale financial assets 271.7 271.7 271.7
Total current financial assets 250.8 701.0 271.7 1,223.5 1,223.5
Carrying amount by category 250.8 708.1 284.8 1,243.7 1,243.7
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 318.5 318.5 336.5
Derivatives 0.8 0.8 0.8
Total non-current interest-bearing liabilities 318.5 0.8 319.3 337.3
Non-current non-interest-bearing liabilities 7.4 7.4 7.4
Derivatives 3.1 3.1 3.1
Total non-current non-interest-bearing liabilities 7.4 3.1 10.5 10.5
Total non-current financial liabilities 325.9 3.9 329.8 347.8
Current financial liabilities
Current interest-bearing liabilities 179.1 179.1 180.0
Derivatives 0.5 0.5 0.5
Total current interest-bearing liabilities 179.1 0.5 179.6 180.5
Trade payables 794.6 794.6 794.6
Other non-interest-bearing liabilities** 175.8 175.8 175.8
Derivatives 2.3 2.3 2.3
Total other non-interest-bearing liabilities** 175.8 2.3 178.1 178.1
Accrued expenses* 254.1 254.1 254.1
Derivatives 8.9 8.9 8.9
Total accrued expenses* 8.9 254.1 262.9 262.9
Total current financial liabilities 8.9 1,403.6 2.8 1,415.2 1,416.2
Carrying amount by category 8.9 1,729.5 6.7 1,745.0 1,763.9
* Excluding €2.0 million (€24.3 million) in income tax receivables and €31.4 million (€9.2 million) in income tax liabilities.
** Excluding €38.2 million (€39.8 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.