5. Other non-current assets
| in € thousands | 31.12.2007 | 31.12.2006 |
|---|---|---|
| Other non-current assets | 3,802 | 16,508 |
| 3,802 | 16,508 |
The item essentially includes the present value for interest rate swaps of €3,718 thousand.
In connection with loans, Deutsche EuroShop AG has concluded interest rate hedges for hedge against increasing capital market interest. Their present value amounted to €2,563 thousand on the balance sheet date.
The item also includes the present value of a long-term option contract of €1,155 thousand, which our Polish property company concluded in 2006. This business will provide the company with annual cash flows of €207 thousand until 2016.
In the previous year, it essentially included letting costs paid in advance and capital contributions still to be paid.