Classes of financial instruments

International Financial Reporting Standards – IFRS  7 stipulates certain disclosures for classes of financial instruments. These classes are based on the risk characteristics of the financial instruments, whereby a distinction is made at least between those financial instruments measured at Purchase cost cost and those measured at fair value. This classification is not necessarily identical to the categorisation of financial instruments pursuant to IAS 39. The classes established for our financial instruments were guided by the needs of our portfolio and our balance sheet structure. The degree of detail of the stated classes may vary as permitted depending on the required disclosure.

The following table connects the classes of financial instruments established by the Group with the associated items in the balance sheet and provides information about the corresponding measurement basis.

N28 CLASSES OF FINANCIAL INSTRUMENTS, BALANCE SHEET ITEMS AND MEASUREMENT BASES
    Classes of financial instruments Measurement basis
  Financial instruments associated with investments    
    Investments in affiliated companies
and participating interests
Amortised cost
    Loans and receivables Amortised cost
    Financial instruments held to maturity Amortised cost
    Financial assets available for sale:
  • Fixed-income securities
  • Variable-yield securities
Fair value
    Financial instruments at fair value through profit or loss:
  • Financial assets classified at fair value
    through profit or loss
  • Financial assets held for trading
Fair value
    Other investments Fair value, in some cases amortised cost 1)
    Investment contracts – Loans and receivables Amortised cost
    Investment contracts:
  • Financial instruments available for sale
  • Financial assets classified at fair value
    through profit or loss
  • Financial assets held for trading (derivatives)
Fair value
  Other financial assets    
    Other assets, derivative financial instruments
(hedging instruments with positive market value)
Fair value
    Subordinated liabilities Amortised cost
    Notes payable and loans Amortised cost
    Other liabilities – derivative financial
instruments (trading portfolios with
negative market value)
Fair value
    Other liabilities – derivative financial
instruments (hedging instruments with
negative market value)
Fair value
    Other liabilities (investment contracts)
(other commitments)
Amortised cost
    Other liabilities – investment contracts:
  • Financial assets classified at fair value
    through profit or loss
  • Financial assets available for sale
  • Derivatives
Fair value
  1) For an itemised breakdown of financial assets measured at amortised cost or fair value, see Note 10 “Other investments”