annual financial statement 2011 - conwert Immobilien Invest SE

INTRO | MANAGEMENT REPORT |
| FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS
Notes
As of 31 December 2011 the conwert Group held the following financial instruments that were
carried at fair value. The conwert Group uses the following hierarchy to determine and present the
fair value of financial instruments by valuation category:
Level 1: Listed (unadjusted) prices on active markets for similar assets or liabilities.
Level 2: Methods for which all input parameters that have a material effect on the recognised fair
value can be monitored, either directly or indirectly.
Level 3: Methods that rely on input parameters that cannot be monitored but have a material effect
on the recognised fair value.
The following table shows the classification of the fair value of financial assets and liabilities held
by the conwert Group (by level) for 2011 and 2010:
2011 in € million Level 1 Level 2 Level 3
Derivative financial instruments with effective hedges 0.0 (113.7) 0.0
Derivative financial instruments 0.0 (23.6) 0.0
Convertible bond 282.9 0.0 0.0
2010 in € million Level 1 Level 2 Level 3
Non-current financial assets 0.0 (94.0) 0.0
Derivative financial instruments with effective hedges 0.0 7.0 0.0
Derivative financial instruments 50.3 0.0 0.0
Bonds 304.7 0.0 0.0
9. NOTES TO THE CASH FLOW STATEMENT
Cash flow from the acquisition of assets and liabilities in the form of subsidiaries:
in € million 2011 2010
Cash and cash equivalents 0.0 (39.6)
Receivables and other assets (0.2) (12.0)
Properties held for sale (0.9) (146.0)
Non-current assets 0.0 (603.5)
Liabilities and provisions 0.0 459.2
Non-controlling interests 0.0 31.1
Net assets/liabilities acquired = purchase price (1.1) (310.8)
Cash and cash equivalents 0.0 39.6
Gain on an acquisition below market price 0.0 95.3
Fair value of previous at-equity investment 0.0 60.7
Net cash flow (1.1) (115.2)
105