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financial statements 2011
Fair value hierarchy of financial assets and liabilities recognized at fair value
eur 1000
Fair values at balance-sheet day
Assets measured at fair value
31.12.2011
Level 1
Level 2
Financial liabilities recognized at fair value through profit or loss
Interest rate derivatives, hedge accounting not applied
7
7
Available-for-sale financial assets
Share investments
489
76
413
Total
496
76
420
Liabilities measured at fair value
Financial liabilities recognized at fair value
Interest rate derivatives, hedge accounting not applied
249
249
eur 1000
Fair values at balance-sheet day
Assets measured at fair value
31.12.2010
Level 1
Level 2
Financial liabilities recognized through profit or loss
Interest rate derivatives, hedge accounting not applied
63
63
Available-for-sale financial assets
Share investments
509
77
432
Total
572
77
495
Liabilities measured at fair value
Financial liabilities recognized at fair value through profit or loss
Interest rate derivatives, hedge accounting not applied
275
275
During the past financial year and the financial years before that, no transfers occurred between levels 1 and 2 of
the fair value hierarchy.
Fair values of the hierarchy level 1 are based on the listed (unadjusted) prices of identical assets or liabilities
in a well-functioning market. Fair values of the level 2 instruments are based to a significant extent on other
input information than listed prices included in the level 1; however, they are based on information that can be
determined for the asset or liability in question, either directly (i.e. as a price) or indirectly (i.e. derived from
prices). For determining the fair value of these instruments, the Group utilises generally accepted measurement
models, input information of which are, nevertheless, based to a significant extent on verifiable market
information.
30. Adjustments to cash flow from operating activities
eur 1000
2011
2010
Depreciation
6 183
6 517
Adjustments to sales gains
-1 111
-180
Specialist fees related to acquisitions
-89
0
Exchange rate differences
38
1082
Profit/loss at fair value through profit or loss
from the measurement of recognizable assets and liabilities
108
-231
Share of profit in associates
-81
-232
Total
5 048
6 957