METKA GROUP | ANNUAL REPORT 2012 - page 122

120
Fair Value Chain
The Group adapted the amended IFRS 7 “Financial instruments: Disclosures”. The reviewed text requires
further disclosures concerning the fair value of the financial instruments and the liquidity risk. Specifically, in
accordance with this amendment, the funds of each type of financial instruments of the balance sheet, valued
at the fair value, for disclosure reasons, should be registered at the following three levels, depending on their
data quality used for the evaluation of the fair value:
Level 1: the active market prices (without adjustments)
Level 2: the data that are directly or indirectly observable and concern the evaluated figures (at this category
are not included the figures of the level 1)
Level 3: data that arouse from the evaluations of the company as there are no observable data in the
market
The financial instruments of the Group and the Company, valued at the fair value, are registered at the following
three levels:
1...,112,113,114,115,116,117,118,119,120,121 123,124,125,126,127,128
Powered by FlippingBook