Annual Report 2012 - Fingrid
Annual Report 2012 - Fingrid
Annual Report 2012 - Fingrid
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Balance sheet item 31 Dec 2011<br />
Loans and<br />
other<br />
receivables<br />
Assets/<br />
liabilities<br />
recognised<br />
in income<br />
statement at<br />
fair value<br />
Availablefor-sale<br />
financial<br />
assets<br />
Financial<br />
assets/<br />
liabilities<br />
measured at<br />
amortised<br />
cost<br />
Total<br />
Note<br />
Non-current financial assets<br />
Available-for-sale investments 301 301 18<br />
Interest rate and currency derivatives 64,558 64,558 29<br />
Current financial assets<br />
Interest rate and currency derivatives 15,474 15,474 29<br />
Trade receivables and other receivables 58,913 58,913 20<br />
Financial assets recognised in income<br />
statement at fair value 202,387 202,387 21<br />
Cash in hand and bank receivables 1,454 1,454 22<br />
Financial assets total 58,913 283,873 301 343,086<br />
Non-current financial liabilities<br />
Borrowings 845,154 845,154 27<br />
Interest rate and currency derivatives 15,293 15,293 29<br />
Current financial liabilities<br />
Borrowings 378,841 378,841 27<br />
Interest rate and currency derivatives 1,945 1,945 29<br />
Trade payables and other liabilities 45,143 14,491 59,635 30<br />
Financial liabilities total 45,143 17,238 1,238,486 1,300,868<br />
24. FAIR VALUE HIERARCHY, 1,000 € <strong>2012</strong> 2011<br />
Level 1 Level 2 Level 3 Level 1 Level 2 Level 3<br />
Financial assets held at fair value<br />
Available-for-sale investments 50 200 48 200<br />
Interest rate and currency derivatives 77,393 64,421<br />
Financial assets recognised at fair value 10,014 197,413 202,387<br />
Financial assets held at fair value total 10,064 275,006 48 267,008<br />
Financial liabilities held at fair value<br />
Interest rate and currency derivatives 90 1,628<br />
Electricity forward contracts,<br />
NASDAQ OMX Commodities 27,294 22,889<br />
Financial liabilities held at fair value total 27,294 90 22,889 1,628<br />
Fair value measurement of assets and liabilities are categorised in a three-level hierarchy in the fair value presentation.<br />
The appropriate hierarchy is based on the input data of the instrument. The level is determined on the basis of the lowest<br />
level of input for the instrument in its entirety that is significant to the fair value measurement.<br />
Level 1: inputs are publicly quoted in active markets.<br />
Level 2: inputs are not publicly quoted and are observerable market parameters either directly or indirectly.<br />
Level 3: inputs are unobserverable market parameters.<br />
<strong>Annual</strong> Review <strong>2012</strong> 115