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24. Carrying amounts of financial assets and liabilities by measurement categories

2018 Note Financial assets/ liabilities at fair value through income statement Financial assets measured at amortised cost Financial liabilities measured at amortised cost Carrying amounts by balance sheet item Fair value







Current financial assets
Trade and other receivables 17
11,609
11,609 11,609
Cash and cash equivalents 18
4,158
4,158 4,158
Carrying amount by category

15,767
15,767 15,767







Current financial liabilities
Current interest-bearing liabilities 21

4,536 4,536 4,536
Trade and other payables 22

2,068 2,068 2,068
Derivative liabilities 22




Carrying amount by category


6,605 6,605 6,605







2017 Note Financial assets/ liabilities at fair value through income statement Loans and receivables Financial liabilities measured at amortised cost Carrying amounts by balance sheet item Fair value







Current financial assets
Trade and other receivables 18
15,294
15,294 15,294
Cash and cash equivalents 19
2,293
2,293 2,293
Carrying amount by category

17,587
17,587 17,587







Current financial liabilities
Current interest-bearing liabilities 22

1,231 1,231 1,231
Trade and other payables 23

4,234 4,234 4,234
Derivative liabilities 23 128

128 128
Carrying amount by category
128
5,465 5,593 5,593














The fair value of interest rate swap is determined by using market rates of the counterparty for instruments with similar maturity. The fair value of the short term investments is determined based on the price quotation of the counterparty. The carrying amounts of the other financial assets and liabilities correspond to their fair value, since the impact of discounting being not material considering their maturity.


Fair value hierarchy







Items measured at fair value or for which fair value is disclosed in the financial statements, are categorised using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy includes the levels 1-3. Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Inputs for the asset or liability that are not based on observable market data.


Items measured at fair value or for which fair value is disclosed in the financial statements, are categorised into hierarchy level 2. During the reporting period, there were no transfers between the hierarchy levels.



Values of underlying instruments of derivative contracts




2018 2017
EUR 1,000 Note Value of underlying instruments Fair value Value of underlying instruments Fair value







Derivative liabilities
Currency derivatives 22



Interest rate swaps 22

10,121 128
Derivative liabilities total

128







At the end of the financial year, the company had no currency derivates or interest rate swaps.