DES GB2012 E

Balance sheet amount in line with IAS 39 Fair value recognised in income Fair Value 31.12.2012 Carrying amount 31.12.2011 Amortised cost Costs Fair value recognised in equity Fair value recognised in income Fair Value 31.12.2011 30,293 27,815 0 15,381 12,434 27,815 4,738 5,606 5,606 5,606 2,188 1,783 1,153 630 1,783 4,335 0 0 167,511 64,408 64,408 64,408 1,759,250 1,472,149 1,472,149 1,539,651 284,176 280,078 280,078 280,078 2,331 2,835 2,835 2,835 58,558 45,999 7,924 38,075 45,999 174,437 71,797 71,167 630 71,797 4,335 0 0 0 30,293 27,815 0 15,381 12,434 27,815 2,104,315 1,801,061 1,762,986 38,075 1,868,563 Trade payables and other liabilities, with the exception of interest rate swaps – which are recognised at present value – usually have short residual terms. The carrying amounts thus correspond to the fair value. When measuring interest rate swaps, the interest and market price parameters applicable on the reporting date are applied. Interest from financial instruments is reported in net finance costs. The profit/loss share of third-party shareholders of € 15,271 thousand (previous year: € 15,730 thousand) is also included in net finance costs. Impairment charges on receivables are recognised in property operating costs. Risk management In risk management, the emphasis is on ensuring compliance with the strategy and, building on this, on identifying and assessing risks and opportunities, as well as on the fundamental decision to manage these risks. Risk manage- ment ensures that risks are identified at an early stage and can then be evaluated, communicated promptly and miti- gated. Risk analysis involves the identification and analysis of factors that may jeopardise the achievement of goals. { 173 } DES annual report 2012 Consolidated financial statements Other disclosures

DES GB2012 E

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