Notes to the consolidated statement of
(3) Other financial assets
|in million euros||December 31, 2012||December 31, 2013|
|Receivables from associated companies||–||1||1||–||–||–|
|Financial receivables from third parties||15||44||59||15||17||32|
|Derivative financial instruments||204||54||258||95||57||152|
|Investments accounted for at equity||6||–||6||5||–||5|
|Receivable from Henkel Trust e.V.||–||20||20||–||120||120|
|Securities and time deposits||–||2,241||2,241||–||2,380||2,380|
|Financial collateral provided||–||4||4||–||26||26|
|Sundry financial assets||15||79||94||15||64||79|
With the exception of investments, derivatives, securities and time deposits, other financial assets are measured at amortized cost.
The receivable from Henkel Trust e.V. relates to pension payments made by Henkel AG & Co. KGaAKGaA
Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).
to retirees, for which reimbursement can be claimed from Henkel Trust e.V.
Included under securities and time deposits are monies deposited as part of our short-term financial management arrangements. The securities involved are fixed-interest and floating-interest bonds. All the bonds are publicly listed and can be sold at short notice.
Sundry non-current financial assets include among others receivables from employees. The sundry current financial assets include the following:
- Receivables from sureties and guarantee deposits amounting to 34 million euros (previous year: 38 million euros)
- Receivables from suppliers amounting to 9 million euros (previous year: 13 million euros)
- Receivables from employees amounting to 11 million euros (previous year: 9 million euros)