Vetoquinol - Universal Registration Document - 2021

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 104 Vetoquinol Universal Registration Document 2020 Financial report 6 6.5.35 Assets and liabilities by accounting category 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. As of December 31, 2020, there are no derivative financial instruments, as was the case on December 31, 2019. €000 – 2020 Assets/ liabilities at fair value through profit/loss Assets/ liabilities at amortized cost Non-financial instruments Total carrying amount Fair value Other equity investments 400 - - 400 400 Other non-current assets (loans and advances) - 637 - 637 637 Trade receivables and related accounts - 91,223 - 91,223 91,223 Cash and cash equivalents - 129,441 - 129,441 129,441 Derivatives - - - - - Financial assets at Dec 31, 2020 400 221,301 - 221,701 221,701 Bonds - (0) - (0) (0) Short/long-term borrowings and other financial liabilities - 112,408 - 112,408 112,408 Lease liabilities - 12,448 - 12,448 12,448 Derivatives - - - - - Trade payables - 41,469 - 41,469 41,469 Payables to fixed asset suppliers - 2,756 - 2,756 2,756 Other operating liabilities - 35,123 - 35,123 35,123 Financial liabilities at Dec 31, 2020 - 204,204 - 204,204 204,204 €000 – 2019 Assets/ liabilities at fair value through profit/loss Assets/ liabilities at amortized cost Non-financial instruments 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 - (0) - (0) (0) Short/long-term borrowings and other financial liabilities - 1,409 - 1,409 1,409 Lease liabilities - 10,678 - 10,678 10,678 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 - 65,925 - 65,925 65,925