Econocom - 2019 Universal registration document

215 2019 annual report 06 consolidated financial statements notes to the consolidated financial statements in € ڳ millions Carrying amount Level ژ in the fair value hierarchy Statement of financial ژ position headings Notes Amor- tised cost Fair value through profit or loss Fair value through equity Level ژ 1 Level ژ 2 Level ژ 3 Gross debt 14.2 14.1 827.8 ژ 18.2 - ژ 18.2 827.8 ژ - ژ Non convertible bonds 225.2 ڳ - ڳ - ڳ - ڳ 252.2 ڳ - ڳ Convertible bonds 189.2 ڳ - ڳ - ڳ - ڳ 189.2 ڳ - ڳ Bank debt, commercial paper and other 292.0 ڳ 18.2 - ڳ 18.2 292.0 ڳ - ڳ Liabilities relating to contracts refinanced with recourse 94.3 - ڳ - ڳ - ڳ 94.3 - ڳ Lease liabilities 59.2 - ژ - ژ - ژ 59.2 - ژ Non-current non interest-bearing liabilities 12.5 4.4 2.0 36.0 ژ - 4.4 38.0 Gross liability for purchases of leased assets 11.2 101.5 - ژ - ژ - ژ 101.5 - ژ Trade payables 12.3 756.9 ژ - - ژ ژ - 756.9 - ژ Other payables (excluding derivative instruments) 12.3 222.8 ژ - - ژ - ژ 222.8 - ژ Other current (financial) liabilities 12.4 7.4 1.8 26.1 ژ - ژ 7.4 28.0 Financial liabilities 1,980.0 ژ 22.0 62.1 18.2 1,980.0 66.0 Non-current non-interest-bearing liabilities and other current liabilities estimated at fair value through profit or loss (Level ژ 3) correspond to contingent consideration liabilities arising on acquisitions of companies for €3.8 million (See 2.4). options on noncontrolling interests for €62.1 ژ million (see 2.4). Non-current non-interest-bearing liabilities and other current liabilities estimated at fair value through equity (Level ژ 3) correspond to liabilities under put and call Contingent consideration liabilities are measured based on the estimated future performance of the entities concerned ( e.g., EBIT multiples, expected future cash flows, etc.). Based on the information held by the Group, the fair value of financial liabilities approximates their carrying amount.