AT&S World

Valuation hierarchies of financial instruments measured at fair value
Three valuation hierarchies have to be distinguished in the valuation
of financial instruments measured at fair value.
Level 1: The fair values are determined based on quoted market
prices in an active market for identical financial instruments.
Level 2: If there are no quoted market prices in an active market,
fair value is established by using a valuation technique that
makes maximum use of market inputs.
Level 3: In this case, valuation methods to establish the fair
value are also based on non-market data.
The allocation of financial instruments measured at fair value
to the three measurement hierarchies are as follows at the balance
sheet date:
(in EUR 1,000)
31 March 2011
Financial assets
Financial assets at fair value
through profit or loss
Level 1 Level 2 Level 3 Total
Bonds
Derivative financial
13,851 – – 13,851
instruments
Financial assets available
– 26 – 26
for sale 156 – – 156
Financial liabilities
Derivative financial
instruments – 54 – 54
Consolidated Financial Statements as of 31 March 2011
(in EUR 1,000)
31 March 2010
Financial assets
Financial assets at fair value
through profit or loss
Level 1 Level 2 Level 3 Total
Bonds
Derivative financial
13,986 – – 13,986
instruments
Financial assets available
– 167 – 167
for sale 157 – 3 160
Financial liabilities
Derivative financial
instruments – 1,785 – 1,785
Net results relating to financial instruments by measurement
category
Net gains and net losses relating to financial assets and liabilities
by measurement category are as follows:
Financial year
(in EUR 1,000) 2010/11 2009/10
Loans and receivables
Financial assets at fair value
(6,896) (538)
through profit or loss (59) 3,305
Financial assets available for sale 5 1
Financial liabilities at amortised cost (2,731) (11,203)
(9,681) (8,435)
The net results relating to financial instruments include dividend
income, interest income and expenses, foreign exchange gains
and losses, realised income and losses on the disposal and sale,
as well as income and expenses recognised in the income statement
from the measurement of financial instruments.
Of the total net result (net expense) from financial instruments
TEUR -6,927 (2009/10: TEUR -669 net expense) is included in
the operating result and TEUR -2,754 (2009/10: TEUR -7,766 net
expense) in the financial result.
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