Note 19 – Classification of financial assets and liabilities

Classification and fair value

Classification and carrying amounts of financial assets and financial liabilities are presented in the table.

The table does not show the fair values of financial asset and liability items if the carrying amount is a reasonable estimate of the fair value. A classification method in accordance with the IFRS 9 standard was used to classify the financial assets and liabilities.

31/12/2018
		Carrying amount
EUR thousand	Note	Financial assets and liabilities recognized at deferred acquisition cost using the effective interest method
Financial assets that are not measured at fair value
Non-current receivables	15	2,980
Trade and other receivables	15	8,260
Cash and cash equivalents	16	1,218
Total		12,458

Financial liabilities that are not measured at fair value
Accounts payable and other liabilities	21	7,349
Total		7,349

31/12/2017
		Carrying amount
EUR thousand	Note	Financial assets and liabilities recognized at deferred acquisition cost using the effective interest method
Financial assets that are not measured at fair value
Non-current receivables	15	2,292
Trade and other receivables	15	6,664
Cash and cash equivalents	16	10,871
Total		17,535

Financial liabilities that are not measured at fair value
Accounts payable and other liabilities	21	6,245
Total		6,245

Fair value measurement

The fair value of financial assets and liabilities is the price that would be received by selling an asset item or the price that would be paid to transfer a liability between market participants by means of a conventional transaction on the valuation date. In the evaluation of the company’s management, the carrying amounts of the financial assets, trade receivables, other receivables, accounts payable and other liabilities do not substantially differ from the fair value, taking into consideration the short maturities of these instruments.

Derivative instruments

The Group had no derivative instruments in the 2017 and 2018 financial periods.