39. Offsetting financial assets and financial liabilities

The following financial assets and financial liabilities that are subject to offsetting agreements, enforceable master netting agreements and similar agreements existed:

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30/9/2015

 

 

 

 

 

 

 

 

(a)

(b)

(c) = (a) − (b)

(d)

(e) = (c) − (d)

 

 

 

 

 

 

Gross amounts of recognised financialassets/liabilities

Gross amounts of recognised financial liabilities/assets that are netted in the balance sheet

Net amounts of financial assets/liabilities that are shown in the balance sheet

Corresponding amounts that are not netted in the balance sheet

 

€ million

 

 

 

Financial instruments

Collateral received/provided

Net amount

Financial assets

 

 

 

 

 

 

Loans and advance credit granted

55

0

55

0

0

55

Receivables due from suppliers

2.307

633

1.674

154

0

1.520

Trade receivables

709

7

702

1

0

701

Investments

69

0

69

0

0

69

Miscellaneous financial assets

1.196

2

1.194

0

0

1.194

Derivative financial instruments

52

0

52

4

20

29

Cash and cash equivalents

4.415

0

4.415

0

0

4.415

Receivables from finance leases

33

0

33

0

0

33

 

8.836

642

8.194

159

20

8.016

Financial liabilities

 

 

 

 

 

 

Financial liabilities (excl. finance leases)

6.154

0

6.154

0

0

6.154

Trade liabilities

10.161

611

9.550

136

0

9.414

Miscellaneous financial liabilities

1.667

31

1.637

19

0

1.617

Derivative financial instruments

23

0

23

4

0

19

Liabilities from finance leases

1.213

0

1.213

0

0

1.213

 

19.218

642

18.576

159

0

18.418

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30/9/2016

 

 

 

 

 

 

 

 

(a)

(b)

(c) = (a) − (b)

(d)

(e) = (c) − (d)

 

 

 

 

 

 

Gross amounts of recognised financialassets/liabilities

Gross amounts of recognised financial liabilities/assets that are netted in the balance sheet

Net amounts of financial assets/liabilities that are shown in the balance sheet

Corresponding amounts that are not netted in the balance sheet

 

€ million

 

 

 

Financial instruments

Collateral received/provided

Net amount

Financial assets

 

 

 

 

 

 

Loans and advance credit granted

58

0

58

0

0

58

Receivables due from suppliers

2,271

497

1,774

142

0

1,632

Trade receivables

815

7

808

1

0

807

Investments

23

0

23

0

0

23

Miscellaneous financial assets

503

1

502

0

0

502

Derivative financial instruments

6

0

6

1

0

5

Cash and cash equivalents

2,368

0

2,368

0

0

2,368

Receivables from finance leases

32

0

32

0

0

32

 

6,076

505

5,570

144

0

5,427

Financial liabilities

 

 

 

 

 

 

Financial liabilities (excl. finance leases)

3,508

0

3,508

0

0

3,508

Trade liabilities

9,870

487

9,383

125

0

9,258

Miscellaneous financial liabilities

1,568

18

1,550

18

0

1,532

Derivative financial instruments

14

0

14

1

0

13

Liabilities from finance leases

1,251

0

1,251

0

0

1,251

 

16,211

505

15,706

144

0

15,562

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 GROUP has received from a third party as collateral for assets.

For more information about collateral, see no. 44 – management of financial risks.