english - About Heraeus

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If hedging transactions used to hedge operational risks of changes in exchange rates,
prices, or interest rates do not meet the hedge accounting requirements of IAS 39, the
changes in fair value are recognized directly in the income statement.
Liabilities
Liabilities are recorded at the amount repayable. Non-current liabilities and financial liabilities
are discounted at a market interest rate appropriate to their maturities if the
amounts are material and the liability is non-interest bearing or bears interest at a rate
which is not appropriate to its maturity.
Liabilities arising from finance lease agreements are recognized at the lower of the fair
value of the leased assets and the present value of the minimum lease payments at the
inception of the lease.
Other provisions
Other provisions are recognized according to IAS 37 wherever a present legal or constructive
obligation exists towards third parties as a result of a past event, the settlement of
which is expected and the amount of which can be reliably estimated. Provisions are valued
at the most likely fulfillment amount, or in the case of equal probabilities, in the amount
of the mean value of the possible fulfillment amounts. Provisions are reviewed on a regular
basis and estimates adjusted accordingly.
Provisions that do not lead to an outflow of resources in the subsequent year are recognized
at the present value of the expenditures expected to be required to settle the obligation if
the interest effect is material.