
F-156
31. Financial instruments (continued)
Fair values
Fair values versus carrying amounts
The fair values of financial assets and liabilities, together with the carrying amounts shown in the statement of
financial position, are as follows:
In thousands of Euro Notes Carrying
amount
2009
Fair value
2008
Carrying
amount
Fair value
Assets carried at amortised cost
Trade and other receivables .............. 17 70,732 70,732 90 90
Cash and cash equivalents................. 20 57,958 57,958 252,496 252,496
128,690 128,690 252,586 252,586
Liabilities carried at amortised cost
Trade and other payables .................. 27 59,859 59,859 149 149
Loans and borrowings....................... 23 10,748 10,748 - -
70,607 70,607 149 149
Liabilities at fair value
(through statement of income)
Warrants............................................ 26 30,975 30,975 15,810 15,810
32. Related parties
The Group's subsidiaries have related party relationships with each other and with the Company. These involve
trading and other intragroup transactions all of which are carried out on an arm's length basis. During 2009 re-
lated party relationships also existed with Board members and managers who have an interest in the equity of the
Company. These interests are set out later in this note. Furthermore a related party relationship exists with the
Executive and Non-executive members of the Board. The following overview reflects all transactions with re-
lated parties for 2008 and 2009:
Board remuneration and share-based payments
The remuneration of Board members included the following amounts:
In Euro 2009 2008
Salary and bonuses................................................................ 476,385 -
Post-employment benefits..................................................... 8,624
Other long-term benefits ....................................................... 22,927
Share based payments ........................................................... 342,586
Fees ....................................................................................... 32,274 20,425
Total 882,796 20,425
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