(31) Fair values of financial instruments by class and category

The table below provides a reconciliation of the individual classes and categories of IFRS 9 to the items of the statement of financial position and the fair values as at 30 June 2022:

Measurement category in accordance with IFRS 9

EUR '000

 

Carrying amount 30/06/2022

 

Fair value 30/06/2022

 

 

 

 

 

Assets

 

 

 

 

At amortised cost

 

 

 

 

Non-current financial assets

 

344

 

344

Non-current trade and other receivables

 

11,903

 

11,903

Current trade and other receivables

 

45,845

 

45,845

Cash and cash equivalents

 

10,571

 

10,571

At fair value through profit or loss

 

 

 

 

Receivables intended for factoring

 

47,628

 

47,628

Total

 

116,291

 

116,291

Measurement category in accordance with IFRS 9

EUR '000

 

Carrying amount 30/06/2022

 

Fair value 30/06/2022

 

 

 

 

 

Liabilities

 

 

 

 

At amortised cost

 

 

 

 

Other non-current financial liabilities

 

1,856

 

1,856

Non-current lease liabilities

 

12,530

 

n/a

Non-current trade payables

 

29,554

 

29,554

Current lease liabilities

 

4,649

 

n/a

Current trade payables

 

68,978

 

68,978

Other current financial liabilities

 

37,042

 

37,042

Total

 

154,609

 

137,430

Measurement category in accordance with IFRS 9

EUR '000

 

Carrying amount 30/06/2021

 

Fair value 30/06/2021

 

 

 

 

 

Assets

 

 

 

 

At amortised cost

 

 

 

 

Non-current financial assets

 

27

 

27

Non-current trade and other receivables

 

5,775

 

5,775

Current trade and other receivables

 

29,936

 

29,936

Cash and cash equivalents

 

1,725

 

1,725

At fair value through profit or loss

 

 

 

 

Receivables intended for factoring

 

4,617

 

4,617

Total

 

42,080

 

42,080

Measurement category in accordance with IFRS 9

EUR '000

 

Carrying amount 30/06/2021

 

Fair value 30/06/2021

 

 

 

 

 

Liabilities

 

 

 

 

At amortised cost

 

 

 

 

Other non-current financial liabilities

 

208

 

208

Non-current lease liabilities

 

16,819

 

n/a

Non-current trade payables

 

37,250

 

37,250

Other trade payables

 

56,900

 

56,900

Current lease liabilities

 

4,241

 

n/a

Current trade payables

 

64,103

 

64,103

Other current financial liabilities

 

33,234

 

33,234

Total

 

212,755

 

191,695

Any necessary transfers between the levels of the fair value hierarchy take place as at the end of the financial year in which the event triggering them occurs. There were no reclassifications in the current financial year. The fair value of receivables earmarked for factoring is assigned to level 3 and the fair value of all other financial instruments specified above is assigned to level 2.

Due to their short residual terms, the carrying amounts reported for current trade receivables and payables and cash are roughly equivalent to their fair values.

Non-current trade receivables are discounted to present value and accrue interest. In these cases, the carrying amounts largely correspond to fair value.

The table below presents the effect on earnings of the change in fair value of receivables intended for factoring recognised in the income statement as at the end of the reporting period:

EUR '000

 

 

 

 

 

Carrying amount of receivables intended for factoring (1 July 2021)

 

4,617

Additions

 

51,000

Disposals

 

-4,617

Gains/losses recognised through profit or loss

 

-3,372

Carrying amount of receivables intended for factoring (30 June 2022)

 

47,628

The fair value of other financial assets and liabilities is measured using the discounted cash flow valuation technique. The discount rates used were taken from the “Yields on listed Federal securities” as published by the Bundesbank at the end of the reporting period, plus a risk premium.

The discount rates valid at the end of the reporting period had matching maturities and formed the basis of the valuation model.

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