12. Financial instruments

The tables below show the carrying amounts and fair values of financial assets and financial liabilities, including their level in the fair value hierarchy.

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Financial assets as of 30 June 2019
	Carrying amount				Fair Value
in € thousand	Amortised cost	Fair value through profit or loss	Fair value through other comprehensive income	Balance sheet value	Level 1	Level 2	Level 3	Total
Financial assets measured at fair value
Financial assets		1,003	7,750	8,753	8,753			8,753
	0	1,003	7,750	8,753
Financial assets not measured at fair value
Financial assets	11,240			11,240
Trade receivables	186,379			186,379
Receivables from related parties	98,694			98,694
Cash, cash equivalents and short-term deposits	167,602			167,602
	463,915	0	0	463,915

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Financial assets as of 31 December 2018
	Carrying amount				Fair Value
in € thousand	Amortised cost	Fair value through profit or loss	Fair value through other comprehensive income	Balance sheet value	Level 1	Level 2	Level 3	Total
Financial assets measured at fair value
Financial assets		425	5,061	5,486	5,486			5,486
	0	425	5,061	5,486
Financial assets not measured at fair value
Financial assets	12,194			12,194
Trade receivables	179,824			179,824
Receivables from related parties	100,244			100,244
Cash, cash equivalents and short-term deposits	181,460			181,460
	473,722	0	0	473,722

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Financial liabilities as of 30 June 2019
	Carrying amount			Fair Value
in € thousand	Amortised cost	Fair value through profit or loss	Balance sheet value	Level 1	Level 2	Level 3	Total
Financial liabilities measured at fair value
Financial liabilities			0
	0	0	0
Financial liabilities not measured at fair value
Financial liabilities	721,095		721,095
Liabilities from bank loans	357,264		357,264		368,332		368,332
Finance lease liabilities	286,738		286,738		286,738		286,738
Settlement obligation	32,645		32,645		32,645		32,645
Other financial liabilities	44,448		44,448		44,448		44,448
Trade liabilities	84,921		84,921
Liabilities to related parties	537,479		537,479
Finance lease liabilities	527,534		527,534		599,193		599,193
Other	9,945		9,945
	1,343,495	0	1,343,495

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Financial liabilities as of 31 December 2018
	Carrying amount			Fair Value
in € thousand	Amortised cost	Fair value through profit or loss	Balance sheet value	Level 1	Level 2	Level 3	Total
Financial liabilities measured at fair value
Financial liabilities			0
	0	0	0
Financial liabilities not measured at fair value
Financial liabilities	512,570		512,570
Liabilities from bank loans	369,656		369,656		371,340		371,340
Finance lease liabilities	38,909		38,909		38,909		38,909
Settlement obligation, long-term	32,645		32,645		32,645		32,645
Settlement obligation, short-term	28,655		28,655
Other financial liabilities	42,705		42,705		42,705		42,705
Trade liabilities	87,043		87,043
Liabilities to related parties	112,939		112,939
Finance lease liabilities	105,470		105,470		140,337		140,337
Other	7,469		7,469
	712,552	0	712,552

In the first half of 2019, changes in value of € 588 thousand were recognised in the income statement on financial assets and/or liabilities held at fair value through profit and loss. These relate to hedging transactions that do not constitute effective hedging relationships as per IFRS 9. The transactions cover a total amount of € 58,500 thousand and have remaining terms of up to 43 months.

The valuation methods and key unobservable input factors for calculating fair value are described in the Notes to the Consolidated Financial Statements as of 31 December 2018.