Note 16: Financial Assets

Financial assets

2010

2009

 

 

 

Investments

1

1

Receivables

28

23

Derivative financial instruments (note 22)

44

17

Total

73

41

The U.S. Medicare Prescription Drug, Improvement, and Modernization Act introduced a tax-free federal subsidy to sponsors of retiree healthcare benefit plans that provide a benefit that is at least actuarially equivalent to the Medicare Part D benefit. The Group’s subsidy has been actuarially determined at €16 million (2009: €13 million), which has been reflected as a non-current asset under receivables.

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