15 Financial Liabilities

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€ million

  

2009

  

2008

 

  

Total

  

Of which
noncurrent

  

Of which
current

  

Total

  

Of which
noncurrent

  

Of which
current

1

Liabilities from lease obligations consist mainly of liabilities from leasing the headquarters building in Munich and the Burghausen plant’s CCGT power station.

2

These are loans made by employees to Wacker Chemie AG to promote employee capital formation.

 

  

 

  

 

  

 

  

 

  

 

  

 

Liabilities to banks

  

391.6

  

331.8

  

59.8

  

180.1

  

114.2

  

65.9

Of which > 5 years

  

–

  

42.9

  

–

  

–

  

–

  

–

Liabilities from lease obligations1

  

44.5

  

32.0

  

12.5

  

56.3

  

44.5

  

11.8

Of which > 5 years

  

–

  

7.8

  

–

  

–

  

12.4

  

–

Loans from employees2

  

–

  

–

  

–

  

5.6

  

–

  

5.6

Of which > 5 years

  

–

  

–

  

–

  

–

  

–

  

–

Payables to associated companies

  

–

  

–

  

–

  

27.8

  

–

  

27.8

Of which > 5 years

  

–

  

–

  

–

  

–

  

–

  

–

Other financial liabilities

  

3.6

  

–

  

3.6

  

2.6

  

–

  

2.6

Of which > 5 years

  

–

  

–

  

–

  

–

  

–

  

–

Financial liabilities

  

439.7

  

363.8

  

75.9

  

272.4

  

158.7

  

113.7

Of which > 5 years

  

–

  

50.7

  

–

  

–

  

12.4

  

–




In 2009, Wacker Chemie AG placed two noncurrent promissory note bonds (Schuldscheine) amounting to €155.0 million and €25.0 million respectively on the market. The partial tranches of the loan reach final maturity in the 2011 and 2013 fiscal years and are largely subject to a floating interest rate.

No collateral exists for financial liabilities. Some of the liabilities to banks are fixed-interest and others have variable interest rates. Loans from employees have fixed percentage rates. Some of the liabilities to banks were granted on condition that particular covenants are complied with.

The payables to associated companies in the 2008 fiscal year resulted primarily from the financial investment of the joint venture WACKER SCHOTT Solar GmbH at Wacker Chemie AG within the framework of cash pooling.

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