Notes to the consolidated financial statements
125
30 Financial risk management and financial instruments (continued)
Financial instruments
Ahold at a glance
Business review
Governance
Financials
Ahold
Annual Report 2015
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:
January 3, 2016
December 28, 2014
million
Carrying
amount
Fair
value
Carrying
amount
Fair
value
Loans receivable
42
49
42
50
Trade and other (non) current receivables
832
832
731
731
Reinsurance assets
203
203
177
177
Total loans and receivables
1,077
1,084
950
958
Cash and cash equivalents
1,826
1,826
1,624
1,624
Short-term deposits and similar instruments
528
528
262
262
Derivatives
338
338
311
311
Available-for-sale
6
6
5
5
Total financial assets
3,775
3,782
3,152
3,160
Notes (1,144) (1,359) (1,040) (1,282)
Other loans
(3)
(3)
(3)
(3)
Financing obligations
(397)
(395)
(387)
(391)
Mortgages payable
(9)
(10)
(10)
(11)
Finance lease liabilities
(1,400)
(1,798)
(1,213)
(1,574)
Cumulative preferred financing shares
(497)
(554)
(497)
(564)
Dividend cumulative preferred financing shares
(22)
(22)
(21)
(21)
Accounts payable
(2,800)
(2,800)
(2,655)
(2,655)
Short-term borrowings
(52)
(52)
(47)
(47)
Interest payable
(29)
(29)
(26)
(26)
Reinsurance liabilities
(221)
(221)
(191)
(191)
Other
(61)
(71)
(43)
(51)
Total non-derivative financial liabilities
(6,635)
(7,314)
(6,133)
(6,816)
Derivatives
(210)
(210)
(251)
(251)
Total financial liabilities
(6,845)
(7,524)
(6,384)
(7,067)
