• 14. Cash and cash equivalents
• 15. Trade accounts receivable
• 16. Inventories
• 17. Other current and non-current assets
• 18. Property, plant and equipment
• 19. Goodwill and other intangible assets
• 20. Accrued expenses
• 21. Other liabilities
• 22. Debt and capital lease obligations
• 23. Senior Notes
• 24. Mandatory Exchangeable Bonds
• 25. Trust preferred securities
• 26. Pensions and similar obligations
• 27. Noncontrolling interest
• 28. Fresenius SE & Co. KGaA shareholders’ equity
• 29. Other comprehensive income (loss)

25. Trust preferred securities

Fresenius Medical Care issued trust preferred securities through Fresenius Medical Care Capital Trusts, statutory trusts organized under the laws of the State of Delaware, United States. Fresenius Medical Care AG & Co. KGaA (FMC-AG & Co. KGaA) owned all of the common securities of these trusts. The sole asset of each trust was a senior subordinated note of FMC-AG & Co. KGaA or a wholly owned subsidiary of FMC-AG & Co. KGaA. FMC-AG & Co. KGaA, Fresenius Medical Care Deutschland GmbH (FMC D-GmbH) and Fresenius Medical Care Holdings, Inc. (FMCH) have guaranteed payment and performance of the senior subordinated notes to the respective Fresenius Medical Care Capital Trusts. The trust preferred securities were guaranteed through a series of undertakings by FMC-AG & Co. KGaA, FMC D-GmbH and FMCH.

The trust preferred securities entitled the holders to distributions at a fixed annual rate of the stated amount and were mandatorily redeemable after 10 years.

On June 15, 2011, Fresenius Medical Care redeemed the trust preferred securities that became due on that date and that were issued in 2001 by Fresenius Medical Care Capital Trust IV and V in the amount of US$225 million and €300 million, respectively, primarily with funds obtained under existing credit facilities.