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Note 12 Other financial
non-current assets


In € millions

 

 

 

2008

2009

 

 

 

Loans and receivables

315

374

Interest rate derivatives

40

27

Other than financial instruments

402

414

 

 

 

Total

757

815

The loans and receivables include the subordinated loan of €90 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 amounting to €167 million, invested in bonds and cash. Under certain conditions, the minimum annual funding of this pension fund is £25 million (€28 million).

Other financial non-current assets include an amount of €219 million related to pension plans in an asset position (2008: €142 million).


 

 






 

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