100 % FUTURE - ALNO

141
Aggregated by measurement category as per IAS 39
In EUR thousand 31/12/2010 31/12/2009
Carrying amount Fair value Carrying amount Fair value
Loans and Receivables (LaR) 38,702 38,702 53,147 53,147
Available-for-Sale (AfS)
measured at fair value 3,426 3,426 3,274 3,274
measured at amortized cost 5 * 5 *
Financial liabilities held for trading (FLHfT) 0 0 1,015 1,015
Financial liabilities measured at cost (FLaC) 185,616 185,616 195,509 195,509
* Fair value cannot be measured reliably.
The reported securities are recognized entirely at market value.
The shares in investee companies are recognized at amortized cost since there is no active market
for them. Their fair value can also not be measured reliably in any other manner.
The carrying amounts of the current financial assets and liabilities correspond to their fair values
owing to their short terms.
The carrying amounts of the long-term financial assets and liabilities correspond to their fair values
owing to their interest rates being in line with the market.
The derivative financial instruments reported in the previous year were recognized entirely at fair
value. The calculation was performed on the basis of discounted future cash flows applying the
Black & Scholes method. This entailed utilizing market interest rates and volatilities applicable for
the residual duration of the financial instruments.
The following hierarchy is applied in order to determine and report the fair value of financial instruments:
• Level 1: Fair value is determined with the aid of prices quoted in active markets.
• Level 2: Fair values determined with the aid of measurement methods under which the input factors
relevant to fair value are based on observable market data.
• Level 3: Fair values determined with the aid of measurement methods under which the input factors
relevant to fair value are not based on observable market data.
Securities in an amount of EUR 3,426 thousand (previous year: EUR 3,274 thousand) that are measured
at fair value within the ALNO Group fall under Level 1, and derivative financial instruments in an amount
of EUR 0 thousand (previous year: EUR 1,015 thousand) fall under Level 2.
The following net gains and losses – by valuation category – arose on financial assets and liabilities:
2010 In EUR thousand Interest Impairment
Other net
gains/losses
Total
Loans and receivables 143 – 1,935 – 195 – 1,987
Available-for-sale (fair value) 0 0 43 43
Financial liabilities held for trading 0 0 – 130 – 130
Financial liabilities measured at cost – 9,800 0 10,520 720
2009 In EUR thousand Interest Impairment
Other net
gains/losses
Total
Loans and receivables 84 – 2,728 – 76 – 2,720
Available-for-sale (fair value) 0 0 48 48
Financial liabilities held for trading 0 0 – 1,200 – 1,200
Financial liabilities measured at cost – 12,790 0 674 – 12,116