ONE ROOF

Notes to the Consolidated Financial Statements
182 Annual Report 2009
Because current financial instruments have short residual terms
and are measured at market value, their carrying amounts
correspond to market value as of the balance sheet date. Noncurrent
securities in the available-for-sale category are measured
at fair value through equity, and as such their carrying
amounts also correspond to fair value.
The fair value of shares in non-consolidated subsidiaries and
other participating interests is stated if it can be reliably determined.
If fair value cannot be reliably determined, items are
measured at cost in the available-for-sale category.
Disclosures relating to the fair value hierarchy for
financial instruments measured at fair value as of
December 31, 2009
(EUR thousand)
Assets
Other financial
Level 1 Level 2 Level 3
assets
Other receivables
and other financial
assets
76,236 – 398,914
Non-current – 46,456 –
Current – 1,524 –
Marketable securities 527,810 279,929 –
Liabilities
Other liabilities
Non-current – 115,163 16,000
Current – 74,277 –
The Group measures fair values using the following fair value
hierarchy reflecting the observability and significance of inputs
used in making the measurements:
Level 1: Quoted prices (unadjusted) in active markets for iden-
tical assets or liabilities; e.g. quoted securities.
Level 2: Inputs other than quoted prices included within Level
1 that are observable for the asset or liability, either directly
(i.e., as prices) or indirectly (i.e., derived from prices); e.g. overthe-counter
derivatives.
Level 3: Inputs for the asset or liability that are not based on
observable market data (unobservable inputs); e.g. investments
measured at fair value determined by business valuation.
Reconciliation of beginning to ending balances for Level 3 measurements of financial instrument fair values
(EUR thousand) Balance as of
Jan. 1, 2009
Cash changes
for the period
Currency
adjustments
Gains/(losses) recognized
in profit or loss
Balance as of
Dec. 31, 2009
Other financial assets
Other liabilities
371,876 27,864 (826) – 398,914
Non-current 25,600 – – 9,600 16,000