38. Offsetting financial assets and financial liabilities
Financial assets and financial liabilities that are subject to offsetting agreements, enforceable master netting arrangements and similar agreements, were as follows:
|
|
30/9/2016 |
|||||
|
|
(a) |
(b) |
(c) = (a) − (b) |
(d) |
(e) = (c) − (d) |
|
|
|
Gross amounts of recognised financial assets/ |
Gross amounts of recognised financial assets/ |
Net amounts of financial assets/ |
Corresponding amounts that are not netted in the balance sheet |
|
|
€ million |
|
|
|
|
Financial instruments |
Received/ |
Net amount |
Financial assets |
|
|
|
|
|
|
|
Loans and advance credit granted |
|
44 |
0 |
44 |
0 |
0 |
44 |
Receivables due from suppliers |
|
905 |
343 |
562 |
77 |
0 |
485 |
Trade receivables |
|
494 |
1 |
493 |
0 |
0 |
493 |
Investments |
|
22 |
0 |
22 |
0 |
0 |
22 |
Miscellaneous financial assets |
|
377 |
1 |
376 |
0 |
0 |
376 |
Derivative financial instruments |
|
9 |
0 |
9 |
1 |
0 |
8 |
Cash and cash equivalents |
|
1,599 |
0 |
1,599 |
0 |
0 |
1,599 |
Receivables from finance leases |
|
32 |
0 |
32 |
0 |
0 |
32 |
|
|
3,481 |
345 |
3,136 |
78 |
0 |
3,058 |
Financial liabilities |
|
|
|
|
|
|
|
Financial liabilities (excl. finance leases) |
|
3,506 |
0 |
3,506 |
0 |
0 |
3,506 |
Trade liabilities |
|
5,235 |
343 |
4,892 |
77 |
0 |
4,815 |
Miscellaneous financial liabilities |
|
1,244 |
2 |
1,241 |
0 |
0 |
1,241 |
Derivative financial instruments |
|
15 |
0 |
15 |
1 |
0 |
14 |
Liabilities from finance leases |
|
1,234 |
0 |
1,234 |
0 |
0 |
1,234 |
|
|
11,233 |
345 |
10,888 |
78 |
0 |
10,810 |
|
|
30/9/2017 |
|||||
|
|
(a) |
(b) |
(c) = (a) − (b) |
(d) |
(e) = (c) − (d) |
|
|
|
Gross amounts of recognised financial assets/ |
Gross amounts of recognised financial assets/ |
Net amounts of financial assets/ |
Corresponding amounts that are not netted in the balance sheet |
|
|
€ million |
|
|
|
|
Financial instruments |
Received/ |
Net amount |
Financial assets |
|
|
|
|
|
|
|
Loans and advance credit granted |
|
46 |
0 |
46 |
0 |
0 |
46 |
Receivables due from suppliers |
|
719 |
215 |
504 |
14 |
0 |
490 |
Trade receivables |
|
575 |
0 |
575 |
0 |
0 |
575 |
Investments |
|
39 |
0 |
39 |
0 |
0 |
39 |
Miscellaneous financial assets |
|
344 |
1 |
343 |
0 |
0 |
343 |
Derivative financial instruments |
|
6 |
0 |
6 |
1 |
0 |
5 |
Cash and cash equivalents |
|
1,559 |
0 |
1,559 |
0 |
0 |
1,559 |
Receivables from finance leases |
|
31 |
0 |
31 |
0 |
0 |
31 |
|
|
3,318 |
216 |
3,102 |
15 |
0 |
3,087 |
Financial liabilities |
|
|
|
|
|
|
|
Financial liabilities (excl. finance leases) |
|
3,575 |
0 |
3,575 |
0 |
0 |
3,575 |
Trade liabilities |
|
4,997 |
215 |
4,782 |
14 |
0 |
4,767 |
Miscellaneous financial liabilities |
|
1,000 |
1 |
999 |
0 |
0 |
999 |
Derivative financial instruments |
|
15 |
0 |
15 |
1 |
0 |
14 |
Liabilities from finance leases |
|
1,132 |
0 |
1,132 |
0 |
0 |
1,132 |
|
|
10,718 |
216 |
10,502 |
15 |
0 |
10,487 |
The corresponding amounts that are not netted in the balance sheet include both financial instruments and collateral. The financial instruments that have not been netted could be netted based on the underlying framework agreements, but do not fulfil the netting criteria of IAS 32 (Financial Instruments: Presentation).
Collateral may include both financial assets provided as collateral for liabilities to third parties and financial liabilities which METRO has received from a third party as collateral for assets.
- Further information on collateral can be found in no. 43 – management of financial risk.