11. Financial instruments

The tables below show the carrying amounts and fair values of financial assets and financial liabilities, including their level in the fair value hierarchy.

Financial Assets as of 30 June 2018 (valuations according to IFRS 9)

in € thousand

 

Carrying amount

 

Fair Value

 

 

Amortised cost

 

Fair value through profit or loss

 

Fair value through other compre­hensive income

 

Balance sheet
value

 

Level 1

 

Level 2

 

Level 3

 

Total

Financial assets measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets (securities)

 

 

 

70

 

5,775

 

5,845

 

5,845

 

 

 

 

 

5,845

Other financial receivables

 

 

 

289

 

17,276

 

17,565

 

17,565

 

 

 

 

 

17,565

 

 

0

 

359

 

23,051

 

23,410

 

 

 

 

 

 

 

 

Financial assets not measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

9,567

 

 

 

 

 

9,567

 

 

 

 

 

 

 

 

Trade receivables

 

174,371

 

 

 

 

 

174,371

 

 

 

 

 

 

 

 

Receivables from related parties

 

39,316

 

 

 

 

 

39,316

 

 

 

 

 

 

 

 

Other financial receivables

 

3,994

 

 

 

 

 

3,994

 

 

 

 

 

 

 

 

Cash, cash equivalents and short-term deposits

 

97,829

 

 

 

 

 

97,829

 

 

 

 

 

 

 

 

 

 

325,077

 

0

 

0

 

325,077

 

 

 

 

 

 

 

 

Financial Liabilities as of 30 June 2018 (valuations according to IFRS 9)

in € thousand

 

Carrying amount

 

Fair Value

 

 

Fair value through profit or loss

 

Amortised cost

 

Balance sheet
value

 

Level 1

 

Level 2

 

Level 3

 

Total

Financial liabilities measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

0

 

 

 

 

 

 

 

0

 

 

0

 

0

 

0

 

 

 

 

 

 

 

 

Financial liabilities not measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities
(liabilities from bank loans)

 

 

 

260,808

 

260,808

 

 

 

264,646

 

 

 

264,646

Financial liabilities
(finance lease liabilities)

 

 

 

40,171

 

40,171

 

 

 

40,171

 

 

 

40,171

Financial liabilities (settlement obligation)

 

 

 

22,620

 

22,620

 

 

 

22,620

 

 

 

22,620

Financial liabilities (other)

 

 

 

35,100

 

35,100

 

 

 

35,100

 

 

 

35,100

Trade liabilities

 

 

 

85,915

 

85,915

 

 

 

 

 

 

 

0

Liabilties to related parties
(finance lease liabilties)

 

 

 

105,695

 

105,695

 

 

 

141,034

 

 

 

141,034

Liabilities to related parties (other)

 

 

 

9,142

 

9,142

 

 

 

 

 

 

 

 

 

 

0

 

559,451

 

559,451

 

 

 

 

 

 

 

 

Financial Assets as of 31 December 2017 (valuations according to IAS 39)

in € thousand

 

Carrying amount

 

Fair Value

 

 

Loans and receiv­ables

 

Available
for sale

 

Balance sheet
value

 

Level 1

 

Level 2

 

Level 3

 

Total

Financial assets measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

6,844

 

6,844

 

6,844

 

 

 

 

 

6,844

Other financial receivables

 

 

 

677

 

677

 

677

 

 

 

 

 

677

 

 

0

 

7,521

 

7,521

 

 

 

 

 

 

 

 

Financial assets not measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

11,834

 

2,901

 

14,735

 

 

 

 

 

 

 

 

Trade receivables

 

149,115

 

 

 

149,115

 

 

 

 

 

 

 

 

Receivables from related parties

 

81,527

 

 

 

81,527

 

 

 

 

 

 

 

 

Other financial receivables

 

1,974

 

 

 

1,974

 

 

 

 

 

 

 

 

Cash, cash equivalents and short-term deposits

 

201,514

 

 

 

201,514

 

 

 

 

 

 

 

 

 

 

445,964

 

2,901

 

448,865

 

 

 

 

 

 

 

 

Financial Liabilities as of 31 December 2017 (valuations according to IAS 39)

in € thousand

 

Carrying amount

 

Fair Value

 

 

Held for trading

 

Fair value –
hedging instruments

 

Other financial
liabilities

 

Balance sheet
value

 

Level 1

 

Level 2

 

Level 3

 

Total

Financial liabilities measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

0

 

 

 

 

 

 

 

0

 

 

0

 

0

 

0

 

0

 

 

 

 

 

 

 

 

Financial liabilities not measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities
(liabilities from bank loans)

 

 

 

 

 

256,879

 

256,879

 

 

 

260,869

 

 

 

260,869

Financial liabilities
(finance lease liabilities)

 

 

 

 

 

37,422

 

37,422

 

 

 

37,422

 

 

 

37,422

Financial liabilities (settlement obligation, long-term)

 

 

 

 

 

22,620

 

22,620

 

 

 

22,620

 

 

 

22,620

Financial liabilities (settlement obligation, short-term)

 

 

 

 

 

30,900

 

30,900

 

 

 

 

 

 

 

 

Financial liabilities (other)

 

 

 

 

 

37,736

 

37,736

 

 

 

37,736

 

 

 

37,736

Trade liabilities

 

 

 

 

 

77,246

 

77,246

 

 

 

 

 

 

 

 

Liabilties to related parties
(finance lease liabilties)

 

 

 

 

 

105,914

 

105,914

 

 

 

141,722

 

 

 

141,722

Liabilities to related parties (other)

 

 

 

 

 

7,614

 

7,614

 

 

 

 

 

 

 

 

 

 

0

 

0

 

576,331

 

576,331

 

 

 

 

 

 

 

 

In the first half of 2018, losses of € 359 thousand (30 June 2017: € 742 thousand) were recognised in the Income Statement on financial assets and/or liabilities held at fair value through profit and loss. In the previous year and in the first half of 2018, these relate to currency hedging instruments that do not pertain to effective hedging relationships as per IAS 39 and IFRS 9.

Currency futures contracts concluded in the previous year covering a total amount of € 28,500 thousand have a remaining term of approximately two years.

The valuation methods and key unobservable input factors for calculating fair value are described in the Notes to the Consolidated Financial Statements as of 31 December 2017.