| | | | | 30 Sept 2016 | | |
M€ | Carrying value total | LEVEL 1 | LEVEL 2 | LEVEL 3 | Fair value total |
| | | | | | | |
Financial assets | | | | | |
Measured at fair value | | | | | |
| | Interest rate derivatives | 0.4 | - | 0.4 | - | 0.4 |
| | Electricity derivatives | 0.2 | 0.2 | - | - | 0.2 |
| | Available-for-sale financial assets | 42.2 | 39.7 | 2.0 | 0.6 | 42.3 |
| | | | | | | |
Measured at amortised cost | | | | | |
| | Held-to-maturity investments | 2.0 | 0.0 | 2.0 | - | 2.0 |
| | Loans and other receivables | 19.2 | 19.2 | - | - | 19.2 |
| | Trade receivables | 4.2 | | | | 4.2 |
| | | | | | | |
Financial liabilities | | | | | |
Measured at fair value | | | | | |
| | Interest rate derivatives | -94.5 | - | -94.5 | - | -94.5 |
| | Electricity derivatives | -0.9 | -0.9 | - | - | -0.9 |
| | | | | | | |
Measured at amortised cost | | | | | |
| | Other interest-bearing liabilities | 1,885,159.4 | - | 1,885,191.8 | - | 1,885,191.8 |
| | Bond | 99.7 | - | 100.0 | - | 100.0 |
| | Trade payables | 9.5 | | | | 9.5 |
| | | | | 31 Dec 2015 | | |
M€ | Carrying value total | LEVEL 1 | LEVEL 2 | LEVEL 3 | Fair value total |
| | | | | | | |
Financial assets | | | | | |
Measured at fair value | | | | | |
| | Interest rate derivatives | 1.9 | - | 1.9 | - | 1.9 |
| | Electricity derivatives | 0.8 | 0.8 | - | - | 0.8 |
| | Available-for-sale financial assets | 29.7 | 27.3 | 2.0 | 0.5 | 29.7 |
| | | | | | | |
Measured at amortised cost | | | | | |
| | Held-to-maturity investments | 6.2 | 2.0 | 4.2 | - | 6.2 |
| | Loans and other receivables | 19.0 | 19.0 | - | - | 19.0 |
| | Trade receivables | 3.6 | | | | 3.6 |
| | | | | | | |
Financial liabilities | | | | | |
Measured at fair value | | | | | |
| | Interest rate derivatives | -50.3 | - | -50.3 | - | -50.3 |
| | Electricity derivatives | -2.0 | -2.0 | - | - | -2.0 |
| | | | | | | |
Measured at amortised cost | | | | | |
| | Other interest-bearing liabilities | 1395.0 | - | 1395.0 | - | 1395.0 |
| | Bond | 99.6 | - | 100.0 | - | 100.0 |
| | Trade payables | 10.6 | | | | 10.6 |
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The fair value of the loans is equal to the nominal amount of the loan. There have not been any changes between fair value hierarchy levels during the reporting period. |
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Financial assets and liabilities measured at fair value are classified into three fair value hierarchy levels in accordance with the reliability of the valuation technique: |
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Level 1: The fair value is based on market prices for identical instruments quoted in an active market. | | |
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Level 2: A market price quoted on the active market exists for similar instruments. The price may, however, be de-rived directly or indirectly from quoted price information. |
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Level 3: There is no active market for the instrument, the fair value cannot be reliably derived and the fair value is not determined based on observable market data. |
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M€ | 30 Sept 2016 | 31 Dec 2015 | | | |
Beginning of period | 542.7 | 0.6 | | | |
Deductions | -0.9 | 0.0 | | | |
Transfer from Investment properties | 12.4 | | | | |
End of period | 554.2 | 0.5 | | | |
| | | | | | | |
Available-for-sale financial assets at hierarchy level 3 are unquoted shares measured at historical cost less any impairment losses as their fair values cannot be measured reliably. |
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