Group Management Report Corporate Governance Environment, Safety, and Corporate Social Responsibility Consolidated Financial Statements 135 Offsetting of Financial Instruments Under the German Master Agreement for Financial Futures all derivative financial instruments that ALTANA has concluded are subject to offsetting agreements, which allow for offset- ting in event of default by one party. The amounts reported in trade accounts receivable and trade accounts payable result from credit notes issued and received. The following tables present the amounts actually offset in the statements of financial position as well as potential offsetting amounts under global netting and other offsetting agreements: Gross carrying amount Offsetting amounts, offset in the statements of financial position Net carrying amount Potential offsetting amounts, not offset in the statements of financial position Net amount after potential offsetting Forward foreign exchange contracts Dec. 31, 2014 4,055 – 4,055 3,882 173 Dec. 31, 2015 1,970 – 1,970 692 1,278 Trade accounts receivable Dec. 31, 2014 357,644 12,187 345,457 0 345,457 Dec. 31, 2015 345,590 11,270 334,320 0 334,320 Total Dec. 31, 2014 361,699 12,187 349,512 3,882 345,630 Dec. 31, 2015 347,560 11,270 336,290 692 335,598 Gross carrying amount Offsetting amounts, offset in the statements of financial position Net carrying amount Potential offsetting amounts, not offset in the statements of financial position Net amount after potential offsetting Forward foreign exchange contracts Dec. 31, 2014 15,572 – 15,572 3,882 11,690 Dec. 31, 2015 12,187 – 12,187 692 11,495 Interest swap Dec. 31, 2014 1,266 – 1,266 0 1,266 Dec. 31, 2015 844 – 844 0 844 Trade accounts payable Dec. 31, 2014 124,690 1,872 122,817 0 122,817 Dec. 31, 2015 149,762 1,101 148,661 0 148,661 Total Dec. 31, 2014 141,528 1,872 139,655 3,882 135,773 Dec. 31, 2015 162,793 1,101 161,692 692 161,000
E_ALT_GB15_160317_online
To see the actual publication please follow the link above