(15) Financial receivables


 

Dec 31, 2008

 

Dec 31, 2007

€ million

Non-current

Current

 

Non-current

Current

Loans to non-consolidated subsidiaries and investments

643

258

 

833

82

Collateral for trading activities

 

3,562

 

 

1,118

Other financial receivables

 

 

 

 

 

Deferred interest

 

131

 

 

130

Miscellaneous other financial receivables

671

468

 

505

372

 

1,314

4,419

 

1,338

1,702

As of the balance-sheet date, financial receivables from associates amounted to €1,107 million (previous year: €856 million).

RWE Group companies were required to deposit collateral for the trading activities stated above for exchange-based and over-the-counter (OTC) transactions. These guarantees are designed to ensure that the obligations from the transactions are discharged even if the development of prices is not favourable.