Siemens 2014 Annual Report Download - page 296

108 A. To our Shareholders 131 B. Corporate Governance 171 C. Combined Management Report
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NOTE  Additional disclosures on financial
instruments
The following table presents the carrying amounts of each
category of financial assets and financial liabilities:
September ,
(in millions of €)  
Financial assets:
Loans and receivables 32,281 29,331
Cash and cash equivalents 8,013 9,190
Derivatives designated in a hedge accounting relationship 574 625
Financial assets held for trading 1,995 1,705
Available-for-sale financial assets 2,728 2,161
45,591 43,010
Financial liabilities:
Financial liabilities measured at amortized cost 30,128 29,704
Financial liabilities held for trading 1,338 887
Derivatives designated in a hedge accounting relationship 411 160
31,877 30,751
The following table presents the fair values and carrying
amounts of financial assets and financial liabilities measured at
cost or amortized cost:
September ,  September , 
Fair value
Carrying
amount Fair value
Carrying
amount
(in millions of €)
Financial assets measured at cost or amortized cost
Trade and other receivables  12,558 12,558 12,944 12,944
Receivables from finance leases 5,345 5,345 5,261 5,261
Cash and cash equivalents 8,013 8,013 9,190 9,190
Other non-derivative financial assets 14,378 14,378 11,126 11,126
Available-for-sale financial assets  – 192 – 167
Financial liabilities measured at cost or amortized cost
Notes and bonds 18,787 18,165 18,742 18,491
Trade payables  7,594 7,594 7,599 7,599
Loans from banks and other financial indebtedness 2,635 2,652 1,821 1,832
Obligations under finance leases 186 130 167 130
Other non-derivative financial liabilities 1,588 1,588 1,651 1,651
1 Consists of () € , million and € , million trade
receivables from the sale of goods and services in fiscal
 and , respectively, as well as () €  million
and €  million receivables included in line item Other
financial assets in fiscal  and , respectively. As
of September ,  and , trade receivables from
the sale of goods and services of €  million and
€  million have a remaining term of more than twelve
months.
2 Consists of equity instruments classified as available- for-
sale, for which a fair value could not be reliably measured
and which are therefore recognized at cost.
3 As of September ,  and , trade payables of
€  million and €  million have a remaining term of
more than twelve months.