Adecoagro S.A. | CIK:0001499505 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Adecoagro S.A. (CIK: 0001499505)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1499505/000162828018005268/0001628280-18-005268-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1499505/000162828018005268/agro-20171231.xml
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    • ifrs-full:DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory

    The following tables present the Group’s financial assets and financial liabilities that are measured at fair value as of December 31, 2017 and 2016 and their allocation to the fair value hierarchy:
     
     
     
    Level 1
     
    Level 2
     
    Total
    Assets
     
     
     

     
     

     
     

    Derivative financial instruments
    2017
     
    4,463

     
    20

     
    4,483

    Derivative financial instruments
    2016
     
    2,789

     
    609

     
    3,398

     
     
     
     
     
     
     
     
    Liabilities
     
     
     

     
     

     
     

    Derivative financial instruments
    2017
     
    (498
    )
     
    (54
    )
     
    (552
    )
    Derivative financial instruments
    2016
     
    (1,196
    )
     
    (5,872
    )
     
    (7,068
    )
    When no quoted prices in an active market are available, fair values (particularly with derivatives) are based on recognized valuation methods. The Group uses a range of valuation models for this purpose, details of which may be obtained from the following table:
    Class
     
    Pricing Method
     
    Parameters
     
    Pricing Model
     
    Level
     
    Total
     
     
     
     
     
     
     
     
     
     
     
    Futures
     
    Quoted price
     
    —
     
    —
     
    1
     
    3,911

     
     
     
     
     
     
     
     
     
     
     
    Options
     
    Quoted price
     
    —
     
    —
     
    1
     
    54

     
     
     
     
     
     
     
     
     
     
     
    Foreign-currency interest-rate swaps
     
    Theoretical price
     
    Swap curve;
    Money market interest-rate curve;
    Foreign-exchange curve.
     
    Present value method
     
    2
     
    (34
    )
     
     
     
     
     
     
     
     
     
     
    3,931