Econocom - 2019 Universal registration document

214 2019 annual report 06 consolidated financial statements notes to the consolidated financial statements In view of their short-term nature, the carrying amount of trade and other receivables, and cash and cash equivalents approximates their fair value. Derivative financial instruments are measured using Level ژ 2 fair values. Cash equivalents are recognised at fair value (Level ژ 1). FINANCIAL ASSETS 13.3.1. The Group’s financial assets at 31 ژ December 2019 can be analysed as follows: in € ڳ millions Carrying amount Level ژ in the fair value hierarchy Statement of financial position headings Notes Amor- tised cost Fair value recognised through other compre- hensive income Fair value through profit or loss Level ژ 1 Level ژ 2 Level ژ 3 Long-term financial assets 10.3 27.2 - ژ 5.8 - ژ 32.9 - Long-term receivables 10.4 13.6 - ژ - ژ - ژ 13.6 - ژ Trade receivables 12.2 1,000.4 - ژ - ژ - ژ 1,000.4 - ژ Other receivables 12.2 93.3 - ژ - ژ - ژ 93.3 - ژ Cash and cash equivalents 14.1 - ژ - ژ 593.8 593.8 - ژ - ژ Financial assets 1,134.5 - ژ 599.6 593.8 1,140.2 - ژ FINANCIAL LIABILITIES 13.3.2. AND ژ OTHER LIABILITIES In view of their short-term nature, the carrying amount of trade and other payables approximates fair value. The market value of derivative instruments is measured based on valuations provided by bank counterparties or models widely used in financial markets, on the basis of data available at the reporting date.