Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

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

Derivative

financial

instruments

are

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

FINANCIAL ASSETS 13.3.1. The Group’s financial assets at 31 December 2020 can be analysed as follows:

Level in the fair value hierarchy

Book value

in € millions

Fair value recognised through other

Fair value through profit or loss

Balance sheet headings

Notes Amortised cost

Level 1

Level 2 Level 3

compre- hensive income

Non-current financial assets

25.1

-

5.4

-

30.5

-

10.3

Long-term receivables

24.5

-

-

-

24.5

-

10.4

813.2

- -

- -

- -

813.2

- -

Trade receivables

12.2

81.0

81.0

Other receivables

12.2

Cash and cash equivalents

-

-

649.3 649.3

-

-

14.1

Financial assets

943.8

-

654.7 649.3 949.2

-

FINANCIAL LIABILITIES AND OTHER LIABILITIES 13.3.2. In view of their short-term nature, the book value of trade and other payables approximates fair value.

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 reportingdate.

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2020 annual report