Siemens 2007 Annual Report Download - page 248

248 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
19 Other fi nancial assets
Available-for-sale fi nancial assets include interests in other companies that are
recorded at cost or at fair value if reliably measurable. Derivative fi nancial instru-
ments included in this item represent the non-current portion of derivatives desig-
nated as hedging instruments, for which hedge accounting is applied.
20 Other current fi nancial liabilities
As of September 30, 2007, Other includes €201 related to the penalty imposed
by German authorities in ending their investigation of past misconduct at the for-
mer Communications Group (Com). See Notes 6 and 29 for further information.
21 Other current liabilities
Other employee related costs primarily includes vacation payments, accrued
overtime and service anniversary awards, as well as severance payments.
September 30,
2007 2006
Receivables from fi nance leases (see Note 11) 3,112 2,969
Available-for-sale fi nancial assets 742 854
Loans receivable 596 452
Trade receivables from sale of goods and services 382 282
Derivative fi nancial instruments 185 222
Other 544 263
5,561 5,042
September 30,
2007 2006
Derivative fi nancial instruments 721 397
Liabilities to joint ventures and associated and related companies 315 318
Accrued interest expense 147 157
Other 1,370 1,057
2,553 1,929
September 30,
2007 2006
Billings in excess of costs and estimated earnings on
uncompleted contracts and related advances 8,463 6,174
Payroll and social security taxes 1,956 1,906
Bonus obligations 1,073 1,070
Other employee related costs 2,261 2,996
Other tax liabilities 663 1,263
Deferred income 561 394
Other 2,081 1,788
17,058 15,591