24 Additional disclosures on financial instruments

24 Additional disclosures on financial instruments
	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.