G. Financial instruments
There follows a breakdown of the derivative-based financial instruments held on the balance sheet date:
2007/2008 in TEUR |
Face value* |
Fair value** |
|
Forward purchases |
461,857 |
106,876 |
|
Forward sales |
288,396 |
-39,425 |
|
Oil swaps |
290,804 |
19,550 |
|
Purchase of futures |
28,115 |
857 |
|
Sale of futures |
171,930 |
33,371 |
|
2006/2007 in TEUR |
Face value* |
Fair value** |
|
Forward purchases |
493,876 |
8,224 |
|
Forward sales |
42,789 |
424 |
|
Oil swaps |
127,622 |
9,603 |
|
Purchase of futures |
23,346 |
767 |
|
Sale of futures |
204,846 |
4,706 |
|
** The fair value is the market value. | ||
The forward contracts refer to electricity supply deals concluded by e&t Energie Handelsgesellschaft m.b.H.
The oil swaps were concluded to limit the costs of primary energy sources.
The futures held on the balance sheet date are secured by asset-backed securities in the amount of TEUR 13,345 (prior year: TEUR 9,057) recognised as other receivables and unrealised gains (positive variation margins) from futures contracts in the amount of TEUR 43,040 (prior year: TEUR 6,877), which are balanced by entries under the position Accrued liabilities and deferred income.
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