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31 – Fair value hierarchy

Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value

In EUR mn

 

 

 

 

 

 

 

 

Carrying amount

Fair value level

 

Valued at amortized cost

Valued at fair value

Total

Level 1

Level 2

Level 3

Total

 

 

 

 

 

 

 

 

 

2023

Trade receivables

3,356

99

3,455

99

99

Equity investments

57

57

34

23

57

Investment funds

28

28

28

28

Bonds

285

285

Derivatives designated and effective as hedging instruments

52

52

52

52

Other derivatives

890

890

0

890

890

Loans

910

910

Other sundry financial assets

1,610

2

1,612

2

2

Net amount of assets and liabilities associated with assets held for sale

n.a.

13

13

13

13

Total

6,160

1,141

7,301

28

1,088

25

1,141

 

 

 

 

 

 

 

 

 

2022

Trade receivables

4,086

136

4,222

136

136

Equity investments

42

42

42

42

Investment funds

26

26

26

26

Bonds

52

52

Derivatives designated and effective as hedging instruments

380

380

380

380

Other derivatives

2,867

2,867

14

2,853

2,867

Loans

711

711

Other sundry financial assets

1,850

1,850

Net amount of assets and liabilities associated with assets held for sale

n.a.

882

882

58

824

882

Total

6,699

4,334

11,032

40

3,427

866

4,334

1

Excluding assets that were reclassified to held for sale

Fair value hierarchy of financial liabilities and other liabilities at fair value1

In EUR mn

 

 

 

 

 

 

 

 

Carrying amount

Fair value level

 

Valued at amortized cost

Valued at fair value

Total

Level 1

Level 2

Level 3

Total

 

 

 

 

 

 

 

 

 

2023

Trade payables

3,955

3,955

Bonds

6,073

6,073

Lease liabilities

1,585

1,585

Other interest-bearing debt

1,470

1,470

Liabilities on derivatives designated and effective as hedging instruments

67

67

67

67

Liabilities on other derivatives

469

469

37

432

469

Other sundry financial liabilities

1,204

1,204

Other liabilities at fair value2

28

28

28

28

Total

14,287

564

14,851

37

528

564

 

 

 

 

 

 

 

 

 

2022

Trade payables

5,259

5,259

Bonds

7,320

7,320

Lease liabilities

1,476

1,476

Other interest-bearing debt

1,487

1,487

Liabilities on derivatives designated and effective as hedging instruments

44

44

44

44

Liabilities on other derivatives

1,571

1,571

0

1,571

1,571

Other sundry financial liabilities

1,047

1,047

Other liabilities at fair value2

132

132

132

132

Total

16,589

1,747

18,336

0

1,747

1,747

1

Excluding liabilities that were reclassified to held for sale

2

Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.

Financial liabilities for which fair values are disclosed

In EUR mn

 

 

 

 

 

 

Carrying amount

Fair value

Fair value level

 

 

 

Level 1

Level 2

Level 3

 

 

 

 

 

 

 

2023

Bonds

6,073

5,766

5,766

Other interest-bearing debt

1,470

1,349

1,349

Financial liabilities

7,543

7,115

5,766

1,349

 

 

 

 

 

 

 

2022

Bonds

7,320

6,747

6,747

Other interest-bearing debt

1,487

1,320

1,320

Financial liabilities

8,807

8,067

6,747

1,320

The table above shows the carrying amount and fair value of financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information of other financial assets and liabilities measured at amortized costs, as the carrying amount represents an adequate approximation to the fair value.