Total Produce plc Annual Report and Accounts 2016

Financial Statements

Notes to the Group Financial Statements (continued) for the year ended 31 December 2016 32. FINANCIAL INSTRUMENTS AND FINANCIAL RISK (continued) Fair value hierarchy (continued) At 31 December 2016 and 31 December 2015, the Group recognised and measured the following financial instruments at fair value:

Assets measured at fair value At fair value through profit or loss Foreign exchange contracts Options to acquires additional shares in subsidiaries, joint ventures and associates Designated as hedging instruments Foreign exchange contracts

2016 Total €’000

2016 Level 1 €’000

1

–

1 –

–

–

–

–

2016 Level 2 €’000

2016 Level 3 €’000

186

–

186

–

Liabilities measured at fair value At fair value through profit or loss Foreign exchange contracts Interest rate swap Contingent consideration

(24) (91) (46,375)

– – –

(24) (91) –

– – (46,375)

At fair value through equity Put option liability

(21,215)

–

–

(21,215)

(444) (10)

– –

(444) (10)

– –

Designated as hedging instruments Foreign exchange contracts Interest rate swap

Assets measured at fair value At fair value through profit or loss Foreign exchange contracts Options to acquires additional shares in subsidiaries, joint ventures and associates Designated as hedging instruments Foreign exchange contracts Liabilities measured at fair value At fair value through profit or loss Foreign exchange contracts Interest rate swap Contingent consideration Designated as hedging instruments Foreign exchange contracts Interest rate swap

124

Total Produce plc Annual Report and Accounts 2016

2015 Total €’000

2015 Level 1 €’000

2015 Level 2 €’000

2015 Level 3 €’000

–

–

–

–

–

–

–

–

196

–

196

–

(198) (120) (33,512)

– – –

(198) (120) –

– – (33,512)

(75) (14)

– –

(75) (14)

– –