The following table lists the Company’s financial assets and liabilities by level within the fair value hierarchy. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. In 2017 there was no change in the methods used to assess the fair value of financial instruments, and there were therefore no level changes.
| 12.31.2017 | ||||||||||||||||||
| Note | Level 2 | Level 3 | Total | Book value | ||||||||||||||
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Assets |
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Cash and cash equivalents |
5 | 1,270.8 | — | 1,270.8 | 1,270.8 | |||||||||||||
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Financial investments |
6 | 2,558.1 | 58.8 | 2,616.9 | 2,616.9 | |||||||||||||
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Guarantee Deposits |
11 | 393.8 | — | 393.8 | 393.8 | |||||||||||||
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Collateralized accounts receivable |
10 | 288.7 | — | 288.7 | 288.7 | |||||||||||||
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Trade accounts receivable, net |
7 | 717.1 | — | 717.1 | 717.1 | |||||||||||||
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Customer and commercial financing |
9 | 16.4 | — | 16.4 | 16.4 | |||||||||||||
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Derivative financial instruments |
8 | 34.3 | — | 34.3 | 34.3 | |||||||||||||
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| 5,279.2 | 58.8 | 5,338.0 | 5,338.0 | |||||||||||||||
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Liabilities |
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Loans and financing |
20 | 1,264.3 | — | 1,264.3 | 1,264.3 | |||||||||||||
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Financial guarantee and of residual value |
25 | — | 108.9 | 108.9 | 108.9 | |||||||||||||
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Derivative financial instruments |
8 | 8.9 | — | 8.9 | 8.9 | |||||||||||||
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| 1,273.2 | 108.9 | 1,382.1 | 1,382.1 | |||||||||||||||
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| 12.31.2016 | ||||||||||||||||||
| Note | Level 2 | Level 3 | Total | Book value | ||||||||||||||
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Assets |
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Cash and cash equivalents |
5 | 1,241.5 | — | 1,241.5 | 1,241.5 | |||||||||||||
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Financial investments |
6 | 1,943.7 | 35.0 | 1,978.7 | 1,978.7 | |||||||||||||
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Guarantee Deposits |
11 | 511.4 | — | 511.4 | 511.4 | |||||||||||||
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Collateralized accounts receivable |
10 | 323.3 | — | 323.3 | 323.3 | |||||||||||||
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Trade accounts receivable, net |
7 | 665.4 | — | 665.4 | 665.4 | |||||||||||||
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Customer and commercial financing |
9 | 37.4 | — | 37.4 | 37.4 | |||||||||||||
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Derivative financial instruments |
8 | 32.1 | — | 32.1 | 32.1 | |||||||||||||
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| 4,754.8 | 35.0 | 4,789.8 | 4,789.8 | |||||||||||||||
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Liabilities |
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Loans and financing |
20 | 1,357.3 | — | 1,357.3 | 1,357.3 | |||||||||||||
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Financial guarantee and of residual value |
25 | — | 122.2 | 122.2 | 122.2 | |||||||||||||
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Capital lease |
20 | 0.1 | — | 0.1 | 0.1 | |||||||||||||
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Derivative financial instruments |
8 | 8.4 | — | 8.4 | 8.4 | |||||||||||||
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| 1,365.8 | 122.2 | 1,488.0 | 1,488.0 | |||||||||||||||
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