Year 2017

 

16. Financial instruments and financial risk management

 

2017

                 

EUR million

Financial

assets and

liabilities

at fair value

through

profit or loss

Loans

and

recei-

vables

Assets

held to

maturity

Financial

assets

available-

for-sale

Financial

liabi-

lities at

amortized

cost

Derivatives, hedge accounting

Carry-

ing

value

Fair

value

Level

Financial assets – non-current

                 

Other non-current investments

     

3.0

   

3.0

3.0

3

Non-current receivables

 

93.1

       

93.1

93.1

 

Non-current financial assets

 

93.1

 

3.0

   

96.1

96.1

 

Financial assets – current

                 

Trade and other receivables

 

23.8

       

23.8

23.8

 

Equity fund investments

     

0.1

   

0.1

0.1

3

Currency derivatives

0.0

         

0.0

0.0

2

Money market investments

19.5

         

19.5

19.5

2

Investments in quoted bonds

13.9

         

13.9

13.9

1

Investments in unquoted bonds

4.3

         

4.3

4.3

2

Debt certificates

   

39.7

     

39.7

39.7

 

Current financial assets

37.7

23.8

39.7

0.1

   

101.2

101.2

 

Money market investments

37.5

         

37.5

37.5

2

Cash and bank

 

2.9

       

2.9

2.9

 

Cash and cash equivalents

37.5

2.9

       

40.3

40.3

 
                   

Total financial assets

75.2

119.7

39.7

3.0

   

237.6

237.6

 
                   

Financial liabilities – non-current

                 

Loans from financial institutions

       

59.9

 

59.9

60.1

 

Non-current borrowings

       

59.9

 

59.9

60.1

 

Interest-rate derivatives

         

0.9

0.9

0.9

 

Equity derivatives

4.8

         

4.8

4.8

3

Other non-current financial liabilities

4.8

       

0.9

5.7

5.7

 

Financial liabilities – current

                 

Commercial papers

       

40.0

 

40.0

40.0

 

Liabilities to Group companies

       

196.0

 

196.0

196.0

 

Foreign currency derivatives

0.2

         

0.2

0.2

2

  Trade and other payables

       

2.5

 

2.5

2.5

 

Current borrowings

0.2

     

238.4

 

238.6

238.6

 
                   

Total financial liabilities

5.0

     

298.3

0.9

304.1

304.4

 
                   

2016

                 

EUR million

Financial

assets and

liabilities

at fair value

through

profit or loss

Loans

and

recei-

vables

Assets

held to

maturity

Financial

assets

available-

for-sale

Financial

liabi-

lities at

amortized

cost

Derivatives, hedge accounting

Carry-

ing

value

Fair

value

Level

Financial assets – non-current

                 

Other non-current investments

     

5.6

   

5.6

5.6

3

Non-current receivables

 

96.3

       

96.3

96.3

 

Non-current financial assets

 

96.3

 

5.6

   

101.9

101.9

 

Financial assets – current

                 

Trade and other receivables

 

22.3

       

22.3

22.3

 

Equity fund investments

     

0.2

   

0.2

0.2

3

Currency derivatives

0.0

         

0.0

0.0

2

Money market investments

43.5

         

43.5

43.5

2

Investments in quoted bonds

25.5

         

25.5

25.5

1

Investments in unquoted bonds

8.8

         

8.8

8.8

2

Debt certificates

   

54.7

     

54.7

54.7

 

Current financial assets

77.9

22.3

54.7

0.2

   

155.0

155.0

 

Money market investments

11.5

         

11.5

11.5

2

Cash and bank

 

0.0

       

0.0

0.0

 

Cash and cash equivalents

11.5

0.0

       

11.5

11.5

 
                   

Total financial assets

89.3

118.5

54.7

5.8

   

268.4

268.4

 
                   

Financial liabilities – current

                 

Bonds

       

99.9

 

99.9

102.1

 

Liabilities to Group companies

       

50.3

 

50.3

50.3

 

Currency derivatives

0.0

         

0.0

0.0

2

  Trade and other payables

       

2.1

 

2.1

2.1

 

Current borrowings

0.0

     

152.3

 

152.3

154.5

 
                   

Total financial liabilities

0.0

     

152.3

 

152.3

154.5

 
                   

The financial risk management of the company has been described on the Note 21 of the consolidated financial statements. The Company follows the Group's treasury policy and risk management principles.