Notes to the Consolidated Statement of Financial Position
31 Other liabilities
|Between 1 and 5 years||More than 5 years||Total||Up to
|Between 1 and 5 years||More than 5 years||Total|
|Advance payments on orders||59,783||0||0||59,783||86,610||0||0||86,610|
|From derivative financial instruments||18,376||24,098||0||42,474||15,680||10,040||0||25,720|
|From other taxes||31,838||0||0||31,838||33,628||0||0||33,628|
|For social security contributions||7,519||3,747||909||12,175||8,010||2,254||845||11,109|
Derivative financial instruments
Derivative financial instruments essentially include negative fair values from cash flow hedges of € 22,025 thousand (previous year: € 38,601 thousand) and from fair value hedges of € 1,860 thousand (previous year: € 1,628 thousand).
Deferred income includes taxable investment subsidies of € 2,673 thousand (previous year: € 3,818 thousand), tax-free investment allowances of € 899 thousand (previous year: € 1,388 thousand), and other deferred income of € 67,102 thousand (previous year: € 82,615 thousand).
taxable subsidies essentially comprise funds under the regional economic promotion program for investing in Brandenburg. The subsidies were for Heidelberger Druckmaschinen Aktiengesellschaft in connection with the joint task for the development area totaling € 2,534 thousand (previous year: € 3,651 thousand).
tax-free allowances include allowances in line with the German Investment Allowance Act of 1991/1996/1999/2005/2007 of € 899 thousand (previous year: € 1,388 thousand) mainly for the Brandenburg location.
other deferred income essentially includes advance payments for future maintenance and services and non-recurring payments for heritable building rights under sale-and-leaseback agreements. These amounts are reversed in the income statement over the term of the agreement.
Miscellaneous other liabilities
Recognized liabilities are essentially the undiscounted contractual cash flows. The fair value of one non-current financial liability calculated on the basis of the discounted cash flow method using market interest rates is € 63,516 thousand ( previous year: € 49,877 thousand) compared to the carrying amount of € 78,452 thousand (previous year: € 66,049 thousand). The carrying amounts of the miscellaneous non-current other financial liabilities are largely the same as their fair values.