Chrysler 2010 Annual Report Download - page 256

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33. Fair value hierarchy
IFRS 7 requires financial instruments recognised in the statement of financial position at fair value to be classified on the basis of a hierarchy that reflects the
significance of the inputs used in determining fair value. The following levels are used in this hierarchy:
Level 1 – quoted prices in active markets for the assets or liabilities being measured;
Level 2 – inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived
from prices) on the market;
Level 3 – inputs that are not based on observable market data.
The following table provides an analysis under this hierarchy of the financial assets and liabilities classified as Continuing Operations at 31 December 2010
and measured at fair value.
(€ million) Note Level 1 Level 2 Level 3 Total
Assets at fair value with changes directly in Other comprehensive income:
Investments at fair value with changes directly in equity (16) 17 - - 17
Other non-current securities (16) 27 - 12 39
Current securities available-for-sale (20) 38 - - 38
Financial assets at fair value held-for-trading:
Current investments 34 - - 34
Current securities held for trading (20) 147 - - 147
Other financial assets (21) - 516 - 516
Total Assets 263 516 12 791
Other financial liabilities (21) - (255) - (255)
Total Liabilities - (255) - (255)
In 2010, there were no transfers from Level 1 to Level 2 or vice versa.
With reference to Continuing Operations, the following table provides changes in Level 3 in 2010:
Other non-current
(€ million) securities
Balances at 31 December 2009 27
(Gains) and losses recognised in profit or loss -
Increases/(Decreases) (15)
Balances at 31 December 2010 12
In 2010, there were no transfers from Level 3 to other levels or vice versa.