Onze publicaties Annual report 2015 Note 8 Derivatives Derivatives are measured at fair value. As at year-end 2014, derivatives held for trading included a credit default swap (CDS) in current liabilities, forming part of the investments in financial assets. Lees meer Onze publicaties Annual report 2015 Note 9 Inventories The impairment of inventories in 2015 totalled €5 million (2014: almost nil). Lees meer Onze publicaties Annual report 2015 Note 10 Trade and other receivables At the end of 2015, impairment of trade receivables totalled €9 million (2014: €10 million). The impairment loss on trade receivables recognised in the income statement in 2015 amounted to €1 million (2014: €2 million). Lees meer Onze publicaties Annual report 2015 Note 11 Cash and cash equivalents The effective interest rate on cash and cash equivalents ranged from -0.20% to 0.17% (2014: 0.00% to 0.27%). Cash and cash equivalents are held almost entirely in euros. Lees meer Onze publicaties Annual report 2015 Note 12 Equity The company's authorised capital is divided into 350 million shares of €5 nominal value. As at year-end 2015, 136,794,964 shares were in issue (2014: 136,794,964). Lees meer Onze publicaties Annual report 2015 Note 13 Interest-bearing debt The carrying amount of the long-term interest-bearing debt, including the current portion, was as follows: Lees meer Onze publicaties Annual report 2015 Note 14 Deferred income Deferred income relates to construction contributions, investment grants and subsidies received. Lees meer Onze publicaties Annual report 2015 Note 15 Provisions for employee benefits Alliander has various pension and similar plans for its current and former employees. The majority of the pension liabilities are insured with ABP. Lees meer Onze publicaties Annual report 2015 Note 16 Other provisions The other provisions as at year-end 2015 amounted to €3 million and related to loss-making contracts among other things. For further details on the amount of €127 million released in 2014, reference is made to note [8]. Lees meer Onze publicaties Annual report 2015 Note 17 Deferred tax The deferred tax item is made up as follows: Lees meer Toon meer resultaten