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Note 13 Other financial
non-current assets


 

 

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In € millions

 

 

 

2008

2007

 

 

 

Loans and receivables

315

497

Interest rate derivatives

40

Other than financial instruments

402

133

 

 

 

Total

757

630

The loans and receivables include the subordinated loan of €89 million granted to the AkzoNobel Pension Fund (APF) in the Netherlands and the non-current part of an escrow account of the AkzoNobel UK pension fund for an amount of €163 million, invested in bonds and cash. Under certain conditions, the minimum annual funding of this pension fund is £25 million (€26 million). The long-term receivable related to the sale of a site near Barcelona (year-end 2007: €64 million) was transferred to short-term receivables.

Other financial non-current assets include an amount of €142 million related to overfunded pension plans.

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