Chrysler 2012 Annual Report Download - page 214

213
Consolidated
Financial Statements
at 31 December 2012
36. Fair value measurement
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 instruments measured at fair value at 31 December 2012:
(€ million) Note Level 1 Level 2 Level 3 Total
Assets at fair value available for sale:
Investments at fair value with changes directly in other comprehensive income (17) 142 - - 142
Investments at fair value through profit or loss (17) 153 - - 153
Other non-current securities (17) 48 - 12 60
Current securities available-for-sale (20) 83 - - 83
Financial assets at fair value held-for-trading:
Current investments 32 - - 32
Current securities held for trading (20) 173 - - 173
Other financial assets (21) - 492 9 501
Total Assets 631 492 21 1,144
Other financial liabilities (21) - (199) (2) (201)
Total Liabilities - (199) (2) (201)
The other financial assets and liabilities classified in Level 3 relate to certain derivatives on commodities for which fair value is not directly determined on the
basis of observable market data.
In 2012, there were no transfers from Level 1 to Level 2 or vice versa.
The following table provides changes in Level 3 in 2012:
(€ million)
Other non-current
securities
Other financial assets/
(liabilities)
Balances at 31 December 2011 12 (27)
Gains/(Losses) recognised in Other comprehensive income/(loss) - 40
(Gains)/Losses recognised in profit or loss - (28)
Increases/(Decreases) - 22
Balances at 31 December 2012 12 7
In 2012, there were no transfers from Level 3 to other levels or vice versa.