NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The remaining terms of these purchase price obligations ranges
b) Fair value of financial assets and liabilities not carried at fair
from one to three years. If the estimated EBITDA or projected
value in the financial statements, whereby the fair value must be
sales are increased by 10 %, the obligations increase by EUR 4.8
disclosed
million; a 10 % decrease would lead to a decrease in the amount
For financial instruments valued at acquisition costsw, the book
of EUR 4.8 million.
value as well as fair value is shown as follows:
2013
EUR m
2012
Hierarchy
Book value
Fair value
Book value
Fair value
Bonds
591.2
615.1
348.6
360.3
Level 1
Bank and lease liabilities
257.0
260.0
476.9
481.9
Level 2
Financial liabilities
Fair value of bonds is the price listed on the stock market. The
Fair value for cash,
trade receivables, trade payables other
market value for bank and leasing obligations is determined by
current receivables or for other current liabilities corresponds
discounting future fixed cash flows relative to these obligations at
respectively to the book value due to the short remaining term.
market interest rate on the balance sheet date. For loans, credits, other non-current receivables or other nonFor financial assets and liabilities not shown above, it is estimated
current liabilities, respectively, it is estimated that the difference
that the book value is an adequate approximate value for the fair
between book value and fair value is insignificant and that default
value:
risk is covered by adequate writedowns.
Net result according to IAS 39 12/31/2013
EUR m
Loans and receivables
Subsequent measurement
Allowances
at fair value at fair value through through other income comprehensive income statement
-17.9
Financial assets available for sale
EUR m
Loans and receivables
Net results -17.9
1.8
Derivatives
12/31/2012
Disposal results
1.8 -16.0
-0.1
-16.1
Subsequent measurement
Allowances
at fair value at fair value through through other income comprehensive income statement
Disposal results
-18.4
-18.4
1.1
Derivatives
Net results
Financial assets available for sale
1.1 12.9
79 NOVOMATIC AG Annual Financial Report 2013
0.0
12.9