Notes to the consolidated financial statements
123
30 Financial risk management and financial instruments (continued)
Financial instruments
Ahold at a glance
Business review
Governance
Financials
Ahold
Annual Report 2014
Fair values of financial instruments
The following table presents the fair values of financial instruments, based on Ahold's categories of financial instruments, including current portions, compared to the carrying amounts at which these instruments are included on
the balance sheet:
December 28, 2014
December 29, 2013
million
Carrying
amount
Fair
value
Carrying
amounl
Fair
value
Loans receivable
42
50
37
44
Trade and other (non) current receivables
731
731
666
666
Reinsurance assets
177
177
136
136
Total loans and receivables
950
958
839
846
Cash and cash equivalents
1,624
1,624
2,496
2,496
Short-term deposits and similar instruments
262
262
1,467
1,467
Derivatives
311
311
284
284
Available for sale
5
5
4
4
Total financial assets
3,152
3,160
5,090
5,097
Notes
(1,040)
(1,282)
(970)
(1,169)
Other loans
(3)
(3)
(3)
(4)
Financing obligations
(387)
(391)
(346)
(356)
Mortgages payable
(10)
(11)
(10)
(12)
Finance lease liabilities
(1,213)
(1,574)
(1,143)
(1,468)
Cumulative preferred financing shares
(497)
(564)
(497)
(539)
Dividend cumulative preferred financing shares
(21)
(21)
(24)
(24)
Accounts payable
(2,655)
(2,655)
(2,387)
(2,387)
Short-term borrowings
(47)
(47)
(52)
(52)
Interest payable
(26)
(26)
(24)
(24)
Reinsurance liabilities
(191)
(191)
(152)
(152)
Other
(43)
(51)
(48)
(54)
Total non-derivative financial liabilities
(6,133)
(6,816)
(5,656)
(6,241)
Derivatives
(251)
(251)
(182)
(182)
Total financial liabilities
(6,384)
(7,067)
(5,838)
(6,423)
