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20 Carrying amounts of financial assets and
liabilities by measurement categories
Financial assets and liabilites divided by categories were as follows as of December 31:
MEUR
Financial assets/liabilities at fair value through income statement
2013 Balance sheet item Hedge
accounting
Non-hedge
accounting
Loans and
receivables
Available-
for -sale
financial
assets
Financial
liabilities
measured
at
amortized
cost
Carrying
amounts
by
balance
sheet item
Fair value Note
Non-current financial assets
Non-current receivables - - 3 - - 3 - 21
Derivative financial instruments 22 - - - - 22 22 25
Available-for-sale financial assets - - - 4 - 4 - 21
Current financial assets
Trade and other receivables - - 946 - - 946 - 23
Derivative financial instruments 18 16 - - - 34 34 25
Carrying amount by category 40 16 949 4 - 1,009 56
Non-current financial liabilities
Interest-bearing liabilities - - - - 1,586 1,586 1,643 27
Derivative financial instruments 5 2 - - - 7 7 25
Other non-current liabilities - - - - 7 7 - 27
Current financial liabilities
Interest-bearing liabilities - - - - 171 171 - 27
Current tax liabilities - - - - 49 49 - 27
Derivative financial instruments 8 17 - - - 25 25 25
Trade and other payables - - - - 1,875 1,875 - 27
Carrying amount by category 13 19 - - 3,688 3,720 1,675
MEUR
Financial assets/liabilities at fair value through income statement
2012 Balance sheet item Hedge
accounting
Non-hedge
accounting
Loans and
receivables
Available-
for -sale
financial
assets
Financial
liabilities
measured
at
amortized
cost
Carrying
amounts
by
balance
sheet item
Fair value Note
Non-current financial assets
Non-current receivables - - 3 - - 3 - 21
Derivative financial instruments 37 - - - - 37 37 25
Available-for-sale financial assets - - - 4 - 4 - 21
Current financial assets
Trade and other receivables - - 1,154 - - 1,154 - 23
Derivative financial instruments 30 27 - - - 57 57 25
Carrying amount by category 67 27 1,157 4 - 1,255 94
Non-current financial liabilities
Interest-bearing liabilities - - - - 1,977 1,977 2,032 27
Derivative financial instruments 6 - - - - 6 6 25
Other non-current liabilities - - - - 7 7 - 27
Current financial liabilities
Interest-bearing liabilities - - - - 357 357 - 27
Current tax liabilities - - - - 40 40 - 27
Derivative financial instruments 13 34 - - - 47 47 25
Trade and other payables - - - - 1,925 1,925 - 27
Carrying amount by category 19 34 - - 4,306 4,359 2,085
Financial instruments that are measured in the balance sheet at fair value are presented according to following fair value measurement hierarchy:
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities
Level 2: inputs other than quoted price included within Level 1 that are observable for the assets or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices);
Level 3: inputs for the assets or liability that is not based on observable market data (unobservable inputs).
2013 Fair value hierarchy
Financial assets Level 1 Level 2 Level 3 Total
Non-current derivative financial instruments - 22 - 22
Current derivative financial instruments 1 33 - 34
Financial liabilities
Non-current derivative financial instruments - 7 - 7
Current derivative financial instruments 3 22 - 25
During the financial period 2013 there were no transfers between Level 1 and Level 2 fair value measurements, and no transfers into and out of Level 3 fair value measurements.
2012 Fair value hierarchy
Financial assets Level 1 Level 2 Level 3 Total
Non-current derivative financial instruments - 37 - 37
Current derivative financial instruments 8 49 - 57
Financial liabilities
Non-current derivative financial instruments - 6 - 6
Current derivative financial instruments 3 44 - 47
During the financial period 2012 there were no transfers between Level 1 and Level 2 fair value measurements, and no transfers into and out of Level 3 fair value measurements.

The fair values of non-current interest-bearing liabilities that are carried at amortised cost, but for which fair value is disclosed, are determined by using the discounted cash flow method employing market interest rates or market values at the balance sheet date. Non-current interest-bearing liabilities are classified into fair value measurement hierarchy level 2.