Financial instruments
The fair value of the financial liabilities amounts to T€ 918,484 as at 30 June 2026 (31 December 2025: T€ 812,283) compared to the recognised book value of T€ 933,379 (31 December 2025: T€ 828,871).
The carrying amount of the other financial instruments is essentially equivalent to their fair value.
The fair values as at 30 June 2026 for financial instruments measured at fair value in the balance sheet are determined as follows:
T€ | Level 1 | Level 2 | Level 3 | Total |
Assets | ||||
Other non-current financial assets | 146,003 | 146,003 | ||
Investments below 20% (other investments) | 33,634 | 33,634 | ||
Securities | 29,177 | 29,177 | ||
Derivatives held for hedging purposes | 25,241 | 25,241 | ||
Derivatives other | 668 | 668 | ||
Total | 29,177 | 25,909 | 179,637 | 234,723 |
Liabilities | ||||
Liabilities arising from business acquisitions | -111,130 | -111,130 | ||
Derivatives held for hedging purposes | -1,147 | -1,147 | ||
Derivatives other | -1,458 | -1,458 | ||
Total | 0 | -2,605 | -111,130 | -113,735 |
The fair values as at 31 December 2025 for financial instruments measured at fair value in the balance sheet are determined as follows:
T€ | Level 1 | Level 2 | Level 3 | Total |
Assets | ||||
Other non-current financial assets | 144,003 | 144,003 | ||
Investments below 20% (other investments) | 33,296 | 33,296 | ||
Securities | 29,441 | 29,441 | ||
Derivatives held for hedging purposes | 26,181 | 26,181 | ||
Total | 29,441 | 26,181 | 177,299 | 232,921 |
Liabilities | ||||
Liabilities arising from business acquisitions | -23,382 | -23,382 | ||
Derivatives held for hedging purposes | -1,478 | -1,478 | ||
Derivatives other | -62 | -62 | ||
Total | 0 | -1,540 | -23,382 | -24,922 |