Mercedes 2013 Annual Report Download - page 241

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245
F | Consolidated Financial Statements | Notes to the Consolidated Financial Statements
Fair value hierarchy of financial assets and liabilities measured at fair value
At December 31, 2013 At December 31, 2012
Total Level 11Level 22Level 33Total Level 11Level 22Level 33
In millions of euros
Assets measured at fair value
Financial assets available for sale 8,518 6,264 2,254 – 7,038 3,902 3,136 –
thereof equity instruments 1,452 1,446 6 – 1,440 1,431 9 –
thereof marketable debt securities 7,066 4,818 2,248 – 5,598 2,471 3,127 –
Financial assets recognized
at fair value through profit or loss
350
–
232
118
341
–
163
178
Derivative financial instruments
used in hedge accounting
1,703
–
1,703
–
1,364
–
1,364
–
10,571 6,264 4,189 118 8,743 3,902 4,663 178
Liabilities measured at fair value
Financial liabilities recognized
at fair value through profit or loss
413
–
413
–
253
–
253
–
Derivative financial instruments
used in hedge accounting
395
–
395
–
620
–
620
–
808 – 808 – 873 – 873 –
1 Fair value measurement for the asset or liability based on quoted prices (unadjusted) in active markets for these or identical assets or liabilities.
2 Fair value measurement for the asset or liability based on inputs that are observable on active markets either directly (i.e. as prices) or indirectly
(i.e. derived from prices).
3 Fair value measurement for the asset or liability based on inputs that are not observable market data.
F.77
F.78
Development of financial assets recognized at fair value
through profit or loss classified as level 3
2013 2012
In millions of euros
Balance at January 1 178 177
Losses/gains recognized in other financial
income/expense, net
-60
1
Balance at December 31 118 178
Losses/gains of period relating to financial assets
held at December 31
-60
1
F.79
Information relating to fair value measurement of financial
assets and liabilities using unobservable input parameters
(Level 3)
Description
Unobservable
input parameters
Value of
unobservable
input parameters
Measurement of fair value of
the RRPSH put option
Expected volatility
of enterprise value
of RRPSH
26% p.a.
Determination of company
value of RRPSH
Expected
revenue growth
of RRPSH
2% – 15% p.a.
Determination of company
value of RRPSH
Weighted average
cost of capital
rate of RRPSH
9% p.a.