31.12.2015 | 31.12.2014 | |
---|---|---|
Carrying amount | Carrying amount | |
Restated* | ||
Assets | ||
Derivative financial instruments | 103,382 | 132,013 |
Held for trading | 103,382 | 132,013 |
Forward foreign currency contracts | 82 | 198 |
Energy trading transactions | 103,300 | 131,815 |
Non-derivative financial instruments | 808,488 | 886,675 |
Loans and receivables | 804,973 | 880,939 |
Active loans | 13,024 | 3,815 |
Fixed term deposits (4-12 months) | 15,169 | 156,313 |
Receivables | 379,767 | 473,459 |
Trade accounts receivables | 350,704 | 443,537 |
Other receivables | 29,063 | 29,922 |
Prepaid expenses and accrued income | 248 | 318 |
Cash and cash equivalents | 396,765 | 247,034 |
Held for trading | 125 | 182 |
Shares, bonds, other securities | 125 | 182 |
Available for sale | 3,390 | 5,554 |
Other financial assets | 3,390 | 5,554 |
At 31.12. | 911,870 | 1,018,688 |
31.12.2015 | 31.12.2014 | |
---|---|---|
Carrying amount | Carrying amount | |
Restated* | ||
Liabilities | ||
Derivative financial instruments | 98,068 | 138,625 |
Held for trading | 98,068 | 138,625 |
Forward foreign currency contracts | 1,663 | 263 |
Energy trading transactions | 77,154 | 121,376 |
Interest rate swaps | 19,251 | 16,986 |
Non-derivative financial instruments | 998,874 | 1,081,402 |
Other financial liabilities | 998,874 | 1,081,402 |
Received loans | 414,149 | 551,585 |
Current financial liabilities | 202,823 | 83,414 |
Liabilities for financial leasing | 165 | 545 |
Other current liabilities | 363,863 | 427,474 |
Trade accounts payables | 333,165 | 386,851 |
Other liabilities | 30,698 | 40,623 |
Accrued expenses | 17,874 | 18,384 |
At 31.12. | 1,096,942 | 1,220,027 |
* See page 50
The following tables show the reconciliation of the figures presented here.
Reconciliation 31.12.2015 carrying value (assets)
Securities and other financial instruments | Receivables | Positive replacement values HfT-positions | Other financial assets | Prepaid expenses and accrued income | Cash and cash equivalents | |
---|---|---|---|---|---|---|
Derivative financial instruments | ||||||
Held for trading | ||||||
Forward foreign currency contracts | 82 | |||||
Energy trading transactions | 103,300 | |||||
Non-derivative financial instruments | ||||||
Loans and receivables | ||||||
Active loans | 13,024 | |||||
Fixed term deposits (4-12 months) | 15,169 | |||||
Receivables | 379,767 | |||||
Prepaid expenses and accrued income | 248 | |||||
Cash and cash equivalents | 396,765 | |||||
Held for trading | ||||||
Shares, bonds, other securities | 125 | |||||
Available for sale | 3,390 | |||||
Other financial assets | ||||||
Total | 15,376 | 379,767 | 103,300 | 16,414 | 248 | 396,765 |
Non-financial instruments | 11,260 | 4,304 | ||||
Disclosure in balance sheet position | 15,376 | 391,027 | 103,300 | 16,414 | 4,552 | 396,765 |
Reconciliation 31.12.2014 carrying value (assets)
Securities and other financial instruments | Receivables | Positive replacement values HfT-positions | Other financial assets | Prepaid expenses and accrued income | Cash and cash equivalents | |
---|---|---|---|---|---|---|
Derivative financial instruments | ||||||
Held for trading | ||||||
Forward foreign currency contracts | 198 | |||||
Energy trading transactions | 131,815 | |||||
Non-derivative financial instruments | ||||||
Loans and receivables | ||||||
Active loans | 3,815 | |||||
Fixed term deposits (4-12 months) | 156,313 | |||||
Receivables | 473,459 | |||||
Prepaid expenses and accrued income | 318 | |||||
Cash and cash equivalents | 247,034 | |||||
Held for trading | ||||||
Shares, bonds, other securities | 182 | |||||
Available for sale | ||||||
Other financial assets | 5,554 | |||||
Total | 156,693 | 473,459 | 131,815 | 9,369 | 318 | 247,034 |
Non-financial instruments | - | 18,587 | - | - | 4,818 | - |
Disclosure in balance sheet position | 156,693 | 492,046 | 131,815 | 9,369 | 5,136 | 247,034 |
Reconciliation 31.12.2015 carrying value (liabilities)
Non-current financial liabilities | Current financial liabilities | Negative replacement values HfT positions | Other current liabilities | Deferred income and accrued expenses | |
---|---|---|---|---|---|
Derivative financial instruments | |||||
Held for trading | |||||
Forward foreign currency contracts | 1,663 | ||||
Energy trading transactions | 77,154 | ||||
Interest rate swaps | 19,251 | ||||
Non-derivative financial instruments | |||||
Other financial liabilities | |||||
Received loans | 414,149 | ||||
Current financial liabilities | 202,823 | ||||
Liabilities for financial leasing | 88 | 77 | |||
Other current liabilities | 363,863 | ||||
Accrued expenses | 17,874 | ||||
Total | 433,488 | 204,563 | 77,154 | 363,863 | 17,874 |
Non-financial instruments | 4,161 | 5,673 | |||
Disclosure in balance sheet position | 433,488 | 204,563 | 77,154 | 368,024 | 23,547 |
Reconciliation 31.12.2014 carrying value (liabilities)
Non-current financial liabilities | Current financial liabilities | Negative replacement values HfT positions | Other current liabilities | Deferred income and accrued expenses | |
---|---|---|---|---|---|
Derivative financial instruments | |||||
Held for trading | |||||
Forward foreign currency contracts | 263 | ||||
Energy trading transactions | 121,376 | ||||
Interest rate swaps | 16,986 | ||||
Non-derivative financial instruments | |||||
Other financial liabilities | |||||
Received loans | 551,585 | ||||
Current financial liabilities | 83,414 | ||||
Liabilities for financial leasing | 153 | 392 | |||
Other current liabilities | 427,474 | ||||
Accrued expenses | 18,384 | ||||
Total | 568,724 | 84,069 | 121,376 | 427,474 | 18,384 |
Non-financial instruments | - | - | - | 13,505 | 6,312 |
Disclosure in balance sheet position | 568,724 | 84,069 | 121,376 | 440,979 | 24,696 |
The carrying amount of each financial instrument represents a reasonable estimate for the fair value, with the exception of the following positions:
31.12.2015 | 31.12.2015 | 31.12.2014 | 31.12.2014 | |
---|---|---|---|---|
Carrying amount | Fair value | Carrying amount | Fair value | |
Received loans (incl. long term leasing) | 414,237 | 490,178 | 551,738 | 617,231 |
Measurement hierarchy
Measurements at fair value in the balance sheet are classified using a three-level hierarchy based on the type and quality of the fair values (market prices). The following levels exist:
Level 1: Publicly quoted market prices for the respective financial instrument (e.g. stock market prices).
Level 2: Market prices that are not generally accessible and possibly derived from prices for similar financial instruments or underlying goods.
Level 3: Prices that are not based on market data.