|
|
|
Carrying amounts |
|
Fair value(1) |
||||||||
|
|
|
|
|
Fair value |
|
|
|
|
||||
|
EUR million |
|
Amortized cost |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
Total |
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current available-for-sale investments |
|
119 |
|
16 |
|
137 |
|
544 |
|
816 |
|
816 |
|
Other non-current financial assets |
|
108 |
|
– |
|
99 |
|
8 |
|
215 |
|
195 |
|
Other current financial assets including derivatives |
|
106 |
|
– |
|
196 |
|
– |
|
302 |
|
302 |
|
Accounts receivable |
|
6 880 |
|
– |
|
– |
|
– |
|
6 880 |
|
6 880 |
|
Available-for-sale investments, liquid assets |
|
– |
|
– |
|
911 |
|
– |
|
911 |
|
911 |
|
Cash and cash equivalents |
|
7 369 |
|
– |
|
– |
|
– |
|
7 369 |
|
7 369 |
|
Total financial assets |
|
14 582 |
|
16 |
|
1 343 |
|
552 |
|
16 493 |
|
16 473 |
|
Long-term interest-bearing liabilities |
|
3 457 |
|
– |
|
– |
|
– |
|
3 457 |
|
3 574 |
|
Short-term interest bearing liabilities |
|
309 |
|
– |
|
– |
|
– |
|
309 |
|
309 |
|
Other financial liabilities including derivatives |
|
44 |
|
– |
|
268 |
|
672 |
|
984 |
|
984 |
|
Accounts payable |
|
3 996 |
|
– |
|
– |
|
– |
|
3 996 |
|
3 996 |
|
Total financial liabilities |
|
7 806 |
|
– |
|
268 |
|
672 |
|
8 746 |
|
8 863 |
|
|
|
Carrying amounts |
|
Fair value(1) |
||||||||
|
|
|
|
|
Fair value |
|
|
|
|
||||
|
EUR million |
|
Amortized cost |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
Total |
|
2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current available-for-sale investments |
|
202 |
|
– |
|
164 |
|
674 |
|
1 040 |
|
1 040 |
|
Other non-current financial assets |
|
143 |
|
– |
|
111 |
|
– |
|
254 |
|
228 |
|
Other current financial assets including derivatives |
|
60 |
|
– |
|
236 |
|
– |
|
296 |
|
296 |
|
Accounts receivable |
|
6 972 |
|
– |
|
– |
|
– |
|
6 972 |
|
6 972 |
|
Investments at fair value through profit and loss, liquid assets |
|
– |
|
– |
|
327 |
|
– |
|
327 |
|
327 |
|
Available-for-sale investments, liquid assets |
|
– |
|
– |
|
1 502 |
|
– |
|
1 502 |
|
1 502 |
|
Cash and cash equivalents |
|
7 497 |
|
– |
|
– |
|
– |
|
7 497 |
|
7 497 |
|
Total financial assets |
|
14 874 |
|
– |
|
2 340 |
|
674 |
|
17 888 |
|
17 862 |
|
Long-term interest-bearing liabilities |
|
3 657 |
|
– |
|
– |
|
– |
|
3 657 |
|
3 821 |
|
Short-term interest bearing liabilities |
|
370 |
|
– |
|
– |
|
– |
|
370 |
|
370 |
|
Other financial liabilities including derivatives |
|
34 |
|
– |
|
236 |
|
14 |
|
284 |
|
284 |
|
Accounts payable |
|
3 781 |
|
– |
|
– |
|
– |
|
3 781 |
|
3 781 |
|
Total financial liabilities |
|
7 842 |
|
– |
|
236 |
|
14 |
|
8 092 |
|
8 256 |
|
(1) |
The following fair value measurement methods are used for items not carried at fair value: the fair value is estimated to equal the carrying amount for available-for-sale investments carried at cost less impairment for which it is not possible to estimate fair value reliably. These assets are tested for impairment using a discounted cash flow analysis if events or changes in circumstances indicate that the carrying amounts may not be recoverable. The fair values of long-term interest bearing liabilities are primarily based on quotes from third-party pricing services (level 2). The fair values of other assets and liabilities, including loans receivable and loans payable are primarily based on discounted cash flow analysis (level 2). The fair value is estimated to equal the carrying amount for short-term financial assets and financial liabilities due to limited credit risk and short time to maturity. Refer to Note 2, Significant accounting policies. |