Mercedes 2015 Annual Report Download - page 246

E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 253
For the determination of the credit risk from derivative
financial instruments which are allocated to the Level 2
measurement hierarchy, portfolios managed on basis of net
exposure are applied.
The development of financial assets recognized at fair
value through profit or loss and classified as Level 3 is shown
in table  E.71.
As of January 1, 2014, the financial assets shown as classified
as Level 3 and presented in table  E.71 consisted solely of
Daimler’s option to sell the shares it held in RRPSH to Rolls-
Royce (see also Note 13). Daimler sold its shares in RRPSH to
Rolls-Royce in 2014. The option was exercised and derecognized
through profit or loss.
Measurement hierarchy of financial assets and liabilities measured at fair value
At December 31, 2015 At December 31, 2014
Total Level 11Level 22Level 33Total Level 11Level 22Level 33
In millions of euros
Financial assets measured at fair value
Financial assets available for sale 10,576 6,976 3,600 – 8,281 6,158 2,123 –
thereof equity instruments
measured at fair value
2,303 2,297 6 –
1,647 1,642 5 –
thereof marketable debt securities 8,273 4,679 3,594 – 6,634 4,516 2,118 –
Financial assets measured
at fair value through profit or loss
203 – 203 –
97 – 97 –
Derivative financial instruments
used in hedge accounting
1,363 – 1,363 –
1,296 – 1,296 –
12,142 6,976 5,166 – 9,674 6,158 3,516 –
Liabilities measured at fair value
Financial liabilities measured
at fair value through profit or loss
263 – 263 –
359 – 359 –
Derivative financial instruments
used in hedge accounting
3,120 – 3,120 –
2,317 – 2,317 –
3,383 – 3,383 – 2,676 – 2,676 –
1 Fair value measurement of these assets and liabilities is based on quoted prices (unadjusted) in active markets for these or identical assets or liabilities.
2 Fair value measurement of these assets and liabilities is 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 of these assets and liabilities is based on inputs for which no observable market data is available.
E.70
E.71
Development of financial assets recognized at fair value
through profit or loss classified as Level 3
2015 2014
In millions of euros
Balance at January 1 –118
Losses recognized in other financial
income/expense, net
–
-118
Balance at December 31 ––