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Note 12: Other financial

non-current assets


In € millions

 

2010

 

2011

Loans and receivables

 

368

 

294

Other than financial instruments

 

640

 

893

Total

 

1,008

 

1,187

The loans and receivables include the subordinated loan of €81 million granted to the AkzoNobel Pension Fund (APF) in the Netherlands and the non-current part of an escrow account of the AkzoNobel (CPS) Pension Scheme in the UK amounting to €140 million, invested in bonds and cash. Under certain conditions, the minimum annual funding of this pension fund from the escrow account is £25 million (€30 million).

Other financial non-current assets include an amount of €712 million related to pension plans in an asset position (2010: €448 million).

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