11. 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.
|
|
Carrying amount |
|
Fair Value |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
in € thousand |
|
Amortised cost |
|
Fair value through profit or loss |
|
Fair value through other comprehensive income |
|
Balance sheet |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Financial assets measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
|
|
3,374 |
|
15,930 |
|
19,304 |
|
3,929 |
|
3,374 |
|
12,001 |
|
19,304 |
|
|
0 |
|
3,374 |
|
15,930 |
|
19,304 |
|
|
|
|
|
|
|
|
Financial assets not measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
19,782 |
|
|
|
|
|
19,782 |
|
|
|
|
|
|
|
|
Trade receivables |
|
179,947 |
|
|
|
|
|
179,947 |
|
|
|
|
|
|
|
|
Receivables from related parties |
|
96,020 |
|
|
|
|
|
96,020 |
|
|
|
|
|
|
|
|
Cash, cash equivalents and short-term deposits |
|
147,214 |
|
|
|
|
|
147,214 |
|
|
|
|
|
|
|
|
|
|
442,963 |
|
0 |
|
0 |
|
442,963 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
Fair Value |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
in € thousand |
|
Amortised cost |
|
Fair value through profit or loss |
|
Fair value through other comprehensive income |
|
Balance sheet |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Financial assets measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
|
|
5,191 |
|
3,766 |
|
8,957 |
|
3,766 |
|
5,191 |
|
|
|
8,957 |
|
|
0 |
|
5,191 |
|
3,766 |
|
8,957 |
|
|
|
|
|
|
|
|
Financial assets not measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
15,162 |
|
|
|
|
|
15,162 |
|
|
|
|
|
|
|
|
Trade receivables |
|
206,127 |
|
|
|
|
|
206,127 |
|
|
|
|
|
|
|
|
Receivables from related parties |
|
86,884 |
|
|
|
|
|
86,884 |
|
|
|
|
|
|
|
|
Cash, cash equivalents and short-term deposits |
|
116,435 |
|
|
|
|
|
116,435 |
|
|
|
|
|
|
|
|
|
|
424,608 |
|
0 |
|
0 |
|
424,608 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
Fair Value |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
in € thousand |
|
Amortised cost |
|
Fair value through profit or loss |
|
Balance sheet |
|
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 |
|
800,120 |
|
|
|
800,120 |
|
|
|
|
|
|
|
|
Liabilities from bank loans |
|
427,779 |
|
|
|
427,779 |
|
|
|
389,775 |
|
|
|
389,775 |
Liabilities from leases |
|
292,881 |
|
|
|
292,881 |
|
|
|
|
|
|
|
|
Other financial liabilities, non-current |
|
37,493 |
|
|
|
37,493 |
|
|
|
37,493 |
|
|
|
37,493 |
Other financial liabilities, current |
|
41,967 |
|
|
|
41,967 |
|
|
|
|
|
|
|
|
Trade liabilities |
|
132,775 |
|
|
|
132,775 |
|
|
|
|
|
|
|
|
Liabilities to related parties |
|
467,211 |
|
|
|
467,211 |
|
|
|
|
|
|
|
|
Liabilities from leases |
|
437,270 |
|
|
|
437,270 |
|
|
|
|
|
|
|
|
Other Liabilities to related parties |
|
29,941 |
|
|
|
29,941 |
|
|
|
|
|
|
|
|
Liabilities directly related to non-current assets held for sale |
|
4,832 |
|
|
|
4,832 |
|
|
|
|
|
|
|
|
|
|
1,404,938 |
|
0 |
|
1,404,938 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
Fair Value |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
in € thousand |
|
Amortised cost |
|
Fair value through profit or loss |
|
Balance sheet |
|
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 |
|
704,766 |
|
|
|
704,766 |
|
|
|
|
|
|
|
|
Liabilities from bank loans |
|
354,787 |
|
|
|
354,787 |
|
|
|
316,408 |
|
|
|
316,408 |
Liabilities from leases |
|
284,598 |
|
|
|
284,598 |
|
|
|
|
|
|
|
|
Other financial liabilities, non-current |
|
37,928 |
|
|
|
37,928 |
|
|
|
37,928 |
|
|
|
37,928 |
Other financial liabilities, current |
|
27,453 |
|
|
|
27,453 |
|
|
|
|
|
|
|
|
Trade liabilities |
|
111,789 |
|
|
|
111,789 |
|
|
|
|
|
|
|
|
Liabilities to related parties |
|
481,345 |
|
|
|
481,345 |
|
|
|
|
|
|
|
|
Liabilities from leases |
|
458,758 |
|
|
|
458,758 |
|
|
|
|
|
|
|
|
Other Liabilities to related parties |
|
22,587 |
|
|
|
22,587 |
|
|
|
|
|
|
|
|
Liabilities directly related to non-current assets held for sale |
|
|
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
1,297,900 |
|
0 |
|
1,297,900 |
|
|
|
|
|
|
|
|
Where no material differences between the carrying amounts and fair values of the financial instruments are reported under non-current financial liabilities with details of fair value, they are recognised at their carrying amount. Otherwise, the fair value must be stated.
In the reporting period, changes in value were reported in the income statement on financial assets and liabilities netted in the amount of € 2,091 thousand (31 December 2022: € 2,228 thousand) that are held at fair value through profit and loss.
HHLA measured financial assets as equity instruments not held for trading in the amount of around € 12 million at their fair value directly in equity in accordance with IFRS 9 and categorised them as level 3 of the fair-value hierarchy. No direct stock market or fair value is available for these interests in a corporation; HHLA regards the historical acquisition cost as the best approximation to the fair value of this item. The carrying amounts of the interests are reviewed once a year to counteract the risk of impairment. For the interests reported as of 30 June 2023, there is no intention to dispose of them.
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 2022.