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ePaper created 2014-04-29, 17:58:02 | version 1.30.00
DEUTSCHEEUROSHOPANNUALREPORT2013/CONSOLIDATEDFINANCIALSTATEMENTS 167 Other total income is divided into the following components: Before taxes Taxes Net Measurement of investments (AfS) IAS 39 3,606 0 3,606 Change of investments (AfS) IAS 39 -15,799 0 -15,799 Cash flow hedge 11,217 -2,869 8,348 Investments accounted for using the equity method 7,519 -2,427 5,092 Other 0 -58 -58 6,543 -5,354 1,189 Before taxes Taxes Net Measurement of investments (AfS) IAS 39 2,478 0 2,478 Cash flow hedge -12,073 917 -11,156 Investments accounted for using the equity method -2,395 438 -1,957 Other 0 -11 -11 -11,990 1,344 -10,646 12. NON-CURRENT AND CURRENT FINANCIAL LIABILITIES 31.12.2013 31.12.2012 Non-current bank loans and overdrafts 1,295,996 1,184,360 Current bank loans and overdrafts 97,207 191,298 Bonds 93,556 91,943 1,486,759 1,467,601 Bank loans and overdrafts are recognised at amortised cost on the balance sheet date. The present value of loans is redetermined at the reporting date. To do so, the annuities due up to this date, together with any residual amount according to the redemption schedule are discounted at the reporting date at market rates of interest plus a margin. This recurring fair value measurement is in accordance with Level 2 of the IFRS 13 fair value hierarchy. The fair value of the bank loans and overdrafts at the reporting date is €1,446,517 thousand (previous year: €1,470,844 thousand). Bank loans and overdrafts relate to loans raised to finance property acquisitions and investment projects. Land charges on Company properties totalling €1,393,203 thousand (previous year: €1,375,658 thousand) serve as collateral. Discounts are amortised over the term of the loan. In the year under review, €1,531 thousand (previous year: €2,141 thousand) was recognised in income. 2013 IN € THOUSAND 2012 IN € THOUSAND € THOUSAND