Econocom - 2019 Universal registration document

06 consolidated financial statements

notes to the consolidated financial statements

In view of their short-term nature, the carrying amount of trade and other receivables, and cash and cash equivalents approximates their fair value.

Derivative

financial

instruments

are

measured using Level ژ 2 fair values. Cash equivalents are recognised at fair value (Level ژ 1).

FINANCIAL ASSETS 13.3.1. The Group’s financial assets at 31 ژ December 2019 can be analysed as follows:

Level ژ in the fair value hierarchy

Carrying amount

in € ڳ millions

Fair value recognised through other compre- hensive income

Fair value through profit or loss

Amor- tised cost

Statement of financial position headings

Level ژ 1 Level ژ 2 Level ژ 3

Notes

27.2 13.6

- ژ - ژ - ژ - ژ - ژ - ژ

5.8

- ژ - ژ

32.9

-

Long-term financial assets 10.3

- ژ - ژ - ژ

13.6

- ژ - ژ - ژ - ژ - ژ

Long-term receivables

10.4

1,000.4

- ژ 1,000.4

Trade receivables

12.2

93.3

- ژ

93.3

Other receivables

12.2

- ژ

593.8 593.8

- ژ

Cash and cash equivalents 14.1

Financial assets

1,134.5

599.6 593.8 1,140.2

FINANCIAL LIABILITIES 13.3.2. AND ژ OTHER LIABILITIES

The market value of derivative instruments is measured based on valuations provided by bank counterparties or models widely used in financial markets, on the basis of data available at the reporting date.

In view of their short-term nature, the carrying amount of trade and other payables approximates fair value.

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2019 annual report