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 |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Balance sheet recognition in accordance with IFRS 9 |
|
|
|
|
|
|
|
|
|
|
|
|
||||
in € thousand |
|
Amortised cost |
|
Fair value through profit or loss |
|
Fair value through other comprehensive income |
|
Balance sheet recognition according to other standards |
|
Balance sheet |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Financial assets measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
|
|
2,974 |
|
17,150 |
|
1,083 |
|
21,207 |
|
3,227 |
|
3,332 |
|
14,648 |
|
21,207 |
|
|
0 |
|
2,974 |
|
17,150 |
|
1,083 |
|
21,207 |
|
|
|
|
|
|
|
|
Financial assets not measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
19,404 |
|
|
|
|
|
1,547 |
|
20,951 |
|
|
|
|
|
|
|
|
Trade receivables |
|
225,354 |
|
|
|
|
|
|
|
225,354 |
|
|
|
|
|
|
|
|
Receivables from related parties |
|
105,292 |
|
|
|
|
|
|
|
105,292 |
|
|
|
|
|
|
|
|
Cash, cash equivalents and short-term deposits |
|
250,366 |
|
|
|
|
|
|
|
250,366 |
|
|
|
|
|
|
|
|
|
|
600,416 |
|
0 |
|
0 |
|
1,547 |
|
601,963 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
Fair Value |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Balance sheet recognition in accordance with IFRS 9 |
|
|
|
|
|
|
|
|
|
|
|
|
||||
in € thousand |
|
Amortised cost |
|
Fair value through profit or loss |
|
Fair value through other comprehensive income |
|
Balance sheet recognition according to other standards |
|
Balance sheet |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Financial assets measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
|
|
5,670 |
|
16,442 |
|
710 |
|
22,822 |
|
2,813 |
|
4,425 |
|
15,584 |
|
22,822 |
|
|
0 |
|
5,670 |
|
16,442 |
|
710 |
|
22,822 |
|
|
|
|
|
|
|
|
Financial assets not measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
18,086 |
|
|
|
|
|
1,626 |
|
19,712 |
|
|
|
|
|
|
|
|
Trade receivables |
|
188,635 |
|
|
|
|
|
|
|
188,635 |
|
|
|
|
|
|
|
|
Receivables from related parties |
|
85,636 |
|
|
|
|
|
|
|
85,636 |
|
|
|
|
|
|
|
|
Cash, cash equivalents and short-term deposits |
|
250,786 |
|
|
|
|
|
|
|
250,786 |
|
|
|
|
|
|
|
|
|
|
543,143 |
|
0 |
|
0 |
|
1,626 |
|
544,769 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
Fair Value |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Balance sheet recognition in accordance with IFRS 9 |
|
|
|
|
|
|
|
|
|
|
|
|
||||
in € thousand |
|
Amortised cost |
|
Fair value through profit or loss |
|
Fair value through other comprehensive income |
|
Balance sheet recognition according to other standards |
|
Balance sheet |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Financial liabilities measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
633 |
|
633 |
|
|
|
633 |
|
|
|
633 |
|
|
0 |
|
0 |
|
0 |
|
633 |
|
633 |
|
|
|
|
|
|
|
|
Financial liabilities not measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
892,758 |
|
|
|
|
|
338,582 |
|
1,231,340 |
|
|
|
|
|
|
|
|
Liabilities from bank loans |
|
840,863 |
|
|
|
|
|
|
|
840,863 |
|
|
|
823,473 |
|
|
|
823,473 |
Liabilities from leases |
|
|
|
|
|
|
|
272,013 |
|
272,013 |
|
|
|
|
|
|
|
|
Liabilities from Settlement obligation, non-current |
|
|
|
|
|
|
|
663 |
|
663 |
|
|
|
|
|
663 |
|
663 |
Liabilities from Settlement obligaton, current |
|
|
|
|
|
|
|
357 |
|
357 |
|
|
|
|
|
|
|
|
Other financial liabilities, non-current |
|
34,320 |
|
|
|
|
|
65,549 |
|
99,869 |
|
|
|
34,320 |
|
65,549 |
|
99,869 |
Other financial liabilities, current |
|
17,575 |
|
|
|
|
|
|
|
17,575 |
|
|
|
|
|
|
|
|
Trade liabilities |
|
159,277 |
|
|
|
|
|
|
|
159,277 |
|
|
|
|
|
|
|
|
Liabilities to related parties |
|
98,673 |
|
|
|
|
|
470,408 |
|
569,081 |
|
|
|
|
|
|
|
|
Liabilities from leases |
|
|
|
|
|
|
|
470,408 |
|
470,408 |
|
|
|
|
|
|
|
|
Other Liabilities to related parties |
|
98,673 |
|
|
|
|
|
|
|
98,673 |
|
|
|
|
|
|
|
|
|
|
1,150,708 |
|
0 |
|
0 |
|
808,990 |
|
1,959,698 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
Fair Value |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Balance sheet recognition in accordance with IFRS 9 |
|
|
|
|
|
|
|
|
|
|
|
|
||||
in € thousand |
|
Amortised cost |
|
Fair value through profit or loss |
|
Fair value through other comprehensive income |
|
Balance sheet recognition according to other standards |
|
Balance sheet |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Financial liabilities measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
1,162 |
|
1,162 |
|
|
|
1,162 |
|
|
|
1,162 |
|
|
0 |
|
0 |
|
0 |
|
1,162 |
|
1,162 |
|
|
|
|
|
|
|
|
Financial liabilities not measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
846,347 |
|
|
|
|
|
328,200 |
|
1,174,547 |
|
|
|
|
|
|
|
|
Liabilities from bank loans |
|
798,067 |
|
|
|
|
|
|
|
798,067 |
|
|
|
777,142 |
|
|
|
777,142 |
Liabilities from leases |
|
|
|
|
|
|
|
263,865 |
|
263,865 |
|
|
|
|
|
|
|
|
Liabilities from Settlement obligation, non-current |
|
|
|
|
|
|
|
663 |
|
663 |
|
|
|
|
|
663 |
|
663 |
Liabilities from Settlement obligaton, current |
|
|
|
|
|
|
|
357 |
|
357 |
|
|
|
|
|
|
|
|
Other financial liabilities, non-current |
|
41,122 |
|
|
|
|
|
63,315 |
|
104,437 |
|
|
|
41,122 |
|
63,315 |
|
104,437 |
Other financial liabilities, current |
|
7,158 |
|
|
|
|
|
|
|
7,158 |
|
|
|
|
|
|
|
|
Trade liabilities |
|
133,823 |
|
|
|
|
|
|
|
133,823 |
|
|
|
|
|
|
|
|
Liabilities to related parties |
|
66,218 |
|
|
|
|
|
404,835 |
|
471,053 |
|
|
|
|
|
|
|
|
Liabilities from leases |
|
|
|
|
|
|
|
404,835 |
|
404,835 |
|
|
|
|
|
|
|
|
Other Liabilities to related parties |
|
66,218 |
|
|
|
|
|
|
|
66,218 |
|
|
|
|
|
|
|
|
|
|
1,046,388 |
|
0 |
|
0 |
|
733,035 |
|
1,779,423 |
|
|
|
|
|
|
|
|
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 - € 275 thousand (31 December 2024: - € 1,162 thousand) that are held at fair value through profit and loss.
HHLA chose to apply the option to measure financial assets as equity instruments not held for trading at their fair value directly in equity in accordance with IFRS 9. These assets are categorised as level 3 in the fair value hierarchy. No direct stock market or fair value is available for these interests in a corporation amounting to approximately € 14.6 million (31 December 2024: € 12.5 million). The carrying amounts of the interests are regularly tested once a year to counteract the risk of impairment. There is no intention to dispose of the interests reported as of 30 June 2025.
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 2024.