Financial statements - Notes to the consolidated financial statements
Note 34
Carrying
amount
Fair value
Fair value
10% FX
rates change
Liabilities (including current portions)
Bonds and notes
(4,186)
(4,856)
(5,147)
Other loans
(372)
(384)
(386)
Financing obligations
(543)
(745)
(822)
Mortgages payable
(37)
(40)
(45)
Finance lease liabilities
(1,362)
(1,733)
(1,908)
Derivative financial instruments
Foreign exchange derivatives
(22)
(22)
35
Interest rate derivatives
63
63
65
Cross-currency interest rate swaps
39
39
15
1 Total derivative financial instruments
80
80
115
The following analysis sets out the sensitivity of the fair values of the financial instruments to a hypothetical change in interest
rates. The table shows the effects of a negative parallel shift of 100 basis points in the swap curve on the fair value of the
instruments with all other variables (including foreign exchange rates) held constant. This analysis is for illustrative purposes
only, as in practice market rates rarely change in isolation of other factors that also affect Ahold's financial position and
results.
Carrying
amount
Fair value
Fair value
100 bps
change
Liabilities (including current portions)
Bonds and notes
(4,186)
(4,856)
(5,093)
Other loans
(372)
(384)
(388)
Financing obligations
(543)
(745)
(790)
Mortgages payable
(37)
(40)
(42)
Finance lease liabilities
(1,362)
(1,733)
(1,833)
Cumulative preferred financing shares
(666)
(741)
(768)
Derivative financial instruments
Foreign exchange derivatives
(22)
(22)
(23)
Interest rate derivatives
63
63
105
Cross-currency interest rate swaps
39
39
(16)
1 Total derivative financial instruments
80
80
66
166
