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Note 12 Other financial
non-current assets


In € millions

2009

2010

 

 

 

Loans and receivables

374

368

Interest rate derivatives

27

Other than financial instruments

414

640

Total

815

1,008

The loans and receivables include the subordinated loan of €83 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 €158 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 €448 million related to pension plans in an asset position (2009: €218 million).

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