26 Noncurrent and current other liabilities


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€ million

 

current

 

noncurrent

 

Carrying amount Dec. 31,  2009

 

current

 

noncurrent

 

Carrying  amount Dec. 31,  2008

Payments on account received in respect of orders

 

1,222

 

0

 

1,222

 

1,158

 

35

 

1,193

Other liabilities to

 

 

 

 

 

 

 

 

 

 

 

 

affiliated companies

 

66

 

 

66

 

141

 

 

141

joint ventures

 

255

 

 

255

 

25

 

 

25

associates

 

 

 

 

0

 

 

0

other investees and investors

 

0

 

 

0

 

0

 

 

0

Negative fair values of derivative financial instruments

 

718

 

703

 

1,421

 

1,189

 

1,150

 

2,339

Liabilities relating to

 

 

 

 

 

 

 

 

 

 

 

 

other taxes

 

833

 

310

 

1,143

 

751

 

391

 

1,142

social security

 

283

 

28

 

311

 

261

 

28

 

289

wages and salaries

 

1,381

 

304

 

1,686

 

1,444

 

297

 

1,741

Miscellaneous liabilities

 

3,478

 

1,683

 

5,161

 

3,576

 

1,334

 

4,910

 

 

8,237

 

3,028

 

11,265

 

8,545

 

3,235

 

11,780

The negative fair values of derivatives relate to the following items:

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€ million

 

Dec. 31, 2009

 

Dec. 31, 2008

Transactions for hedging against

 

 

 

 

foreign currency risk from assets
using fair value hedges

 

22

 

8

foreign currency risk from liabilities
using fair value hedges

 

141

 

296

interest rate risk
using fair value hedges

 

149

 

210

interest rate risk using cash flow hedges

 

193

 

240

foreign currency and price risk from future cash flows
(cash flow hedges)

 

351

 

1,178

Hedging transactions

 

856

 

1,932

Liabilities arising from ineffective hedging derivatives

 

565

 

407

 

 

1,421

 

2,339

The negative fair value of transactions for hedging against price risk from future cash flows (cash flow hedges) amounted to €7 million (previous year: €216 million).

Negative fair values of €73 million (previous year: €151 million) were recognized from transactions for hedging against interest rate risk (fair value hedges) used in portfolio hedges.

Further details on derivative financial instruments as a whole are given in note 32 Financial risk management and financial instruments.

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