Onze publicaties Annual report 2017 Note 8 Derivatives Derivatives are measured at fair value. Lees meer Onze publicaties Annual report 2017 Note 9 Inventories The impairment of inventories in 2017 was €5 million (2016: nil). These losses were mainly recognised in respect of smart meters. Lees meer Onze publicaties Annual report 2017 Note 10 Trade and other receivables At the end of 2016, impairment of trade receivables totalled €10 million (2016: €12 million). The impairment loss on trade receivables recognised in the income statement in 2017 amounted to €1 million (2016: €4 million). Lees meer Onze publicaties Annual report 2017 Note 11 Cash and cash equivalents The effective interest rate on cash and cash equivalents ranged from -0.55% to -0.43% (2016: -0.62% to 0.0%). Cash and cash equivalents are held almost entirely in euros. Lees meer Onze publicaties Annual report 2017 Note 12 Equity The company’s authorised capital is divided into 350 million shares of €5 nominal value. As at year-end 2017, 136,794,964 shares were in issue (2016: 136,794,964). Lees meer Onze publicaties Annual report 2017 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 2017 Note 14 Deferred income Deferred income relates to construction contributions, investment grants and subsidies received. Lees meer Onze publicaties Annual report 2017 Note 15 Provisions for employee benefits Prompted by the deterioration of the funding ratio in 2008, ABP introduced a recovery plan in 2009. At the start of each year ABP evaluates the progress of the recovery on the basis of the actual funding ratio at the end of the preceding year. Lees meer Onze publicaties Annual report 2017 Note 16 Other provisions The other provisions as at year-end 2017 amounted to €7 million (2016: €5 million) and related to loss-making contracts and a provision for soil remediation. Lees meer Onze publicaties Annual report 2017 Note 17 Deferred tax The deferred tax item is made up as follows: Lees meer Toon meer resultaten