Vetoquinol Universal Registration Document 2019

96   Vetoquinol  Universal Registration Document 2019  Financial report 6 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 6.5.33 Assets and liabilities by accounting category – IAS 39 The fair value of derivatives is measured using the valua- tions provided by bank counterparties. The fair value of non-derivative financial liabilities, as shown in the table below (“fair value” column), corres- ponds to the present value of future cash flows generated by principal and interest payments, discounted at the market interest rate applicable at the balance sheet date. “Cash and cash equivalents” are stated at amortized cost given that income and interest are periodically reco- gnized in the income statement. At December 31, 2019 and December 31, 2018, there were no derivatives with positive fair values. €000 – 2019 Assets/liabilities at fair value through profit/loss Assets/liabilities at amortized cost Total carrying amount Fair value Other equity investments 400 - 400 400 Other non-current assets (loans and advances) - 905 905 905 Trade receivables and related accounts - 92,944 92,944 92,944 Cash and cash equivalents - 84,511 84,511 84,511 Derivatives - - - - Financial assets at Dec 31, 2019 400 178,361 178,761 178,761 Bonds - - - - Short/long-term borrowings and other financial liabilities - 1,409 1,409 1,409 Lease liabilities 10,677 10,677 10,677 Derivatives - - - - Trade payables - 30,445 30,445 30,445 Payables to fixed asset suppliers - 2,776 2,776 2,776 Other operating liabilities - 20,618 20,618 20,618 Financial liabilities at Dec 31, 2019 - 65,924 65,924 65,924 €000 – 2018 Assets/liabilities at fair value through profit/loss Assets/liabilities at amortized cost Total carrying amount Fair value Other equity investments - 400 400 400 Other non-current assets (loans and advances) - 820 820 820 Trade receivables and related accounts - 76,933 76,933 76,933 Cash and cash equivalents - 117,630 117,630 117,630 Derivatives - - - - Financial assets at Dec 31, 2018 - 195,783 195,783 195,783 Bonds - - - - Short/long-term borrowings and other financial liabilities - 6,649 6,649 6,665 Derivatives - 25 25 25 Trade payables - 25,650 25,650 25,650 Payables to fixed asset suppliers - 1,585 1,585 1,585 Other operating liabilities - 18,445 18,445 18,445 Financial liabilities at Dec 31, 2018 - 52,355 52,355 52,371 6.5.34 Dividends per share Dividends paid in 2019 amounted to €5,679,270.24 (2018: €5,453,756.32), i.e. €0.48 per share (2018: €0.46 per share). At the upcoming shareholders’ general meeting on May 26, 2020, shareholders will be asked to approve a divi- dend payout of €0.38 per share.