German term (edited): aktivischer/passivischer Ver�nderungsbetrag

Got it **completely** wrong first time round - sorry. A remeasurement gain can never be an asset!

The aktivischer/passivischer Veränderungsbetrag must refer to whether the hedging derivative is classified as an asset or a liability.

New stab at translating your sentence:

"Interest rate swaps (hedging derivatives): this item contains the share of the positive fair value of interest rate derivatives amounting to xxx. Remeasurement of the interest rate derivatives at the reporting date resulted in a yyy decrease in fair value, with the fair value change classified into a component attributable to recognised assets and a component attributable to recognised liabilities."

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Note added at 3 hrs 32 mins (2004-04-05 18:40:55 GMT)
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Ted: this by way of answer to your question because the wee text box thing is far too small.

This looks to me like a balance sheet disclosure, saying that the decrease in the carrying amount of the positive fair value versus the prior period is attributable partly to assets and partly to liabilities. There may well be a table showing this in numerical form. Any gain or loss on remeasurement would indeed be recognised directly in equity for hedging derivatives, unless the hedge was discontinued, in which case the cumulative gain/loss would be recognised in the income statement. This may well be the subject of an income statement disclosure later on in the notes. Personally, I think the German sentence is pretty opaque (\"too clever by half\"), and I can\'t really see even an informed investor getting it first time round.