Note 19 – Classification of financial assets and liabilities

Classification and fair values

Classification and book values of financial assets and liabilities.

Fair values of financial assets and financial liabilities are not are not presented in the table, as far as the book value is reasonable estimate of the fair value. Financial assets and financial liabilities are classified in accordance with the IFRS 9 standard.

31/12/2019
		Book value
EUR thousand	Note	Financial assets and liabilities measured at amortized cost using the effective interest rate method
Financial assets, which are not measured at fair value
Non-current receivables	15	0
Trade and other receivables	15	10,853
Cash and cash equivalents	16	4,110
Total		14,963

Financial liabilities that are not measured at fair value
Account payables and other liabilities	21	10,742
Lease agreement liabilities	21	1,739
Total		12,481

31/12/2018
		Book value
EUR thousand	Note	Financial assets and liabilities measured at amortized cost using the effective interest rate 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, which are not measured at fair value
Account payables and other liabilities	21	7,349
Total		7,349

Fair value measurement

Fair value of financial assets and liabilities is the price that would be received for selling an asset or paid to transfer a liability in an ordinary transaction between market participants at the measurement date. The management assessed that the fair values of cash and cash equivalents, trade receivables, other receivables, trade payables and other liabilities do not materially deviate from their fair values due to the short-term maturities of these instruments.

Derivative financial instruments

The Group did not have derivative instruments during the financial years 2018-2019.