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ERDEMİR GRUBU
2014 ANNUAL REPORT
178
EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
(Amounts are expressed as Turkish Lira (“TRY Thousand”) unless otherwise indicated.)
(Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish - See Note 34)
NOTE 31 - FINANCIAL INSTRUMENTS (FAIR VALUE AND FINANCIAL RISK MANAGEMENT DISCLOSURES) (cont’d)
Additional information about financial instruments
Categories of the financial instruments and their fair values (cont’d)
Financial asset and liabilities at fair value
Fair value level as of reporting date
31 December 2013
Level 1
Level 2
Level 3
Financial assets and liabilities at fair
value through profit/loss
Derivative financial assets
7.409
-
7.409
-
Derivative financial liabilities
(14.760)
-
(14.760)
-
Financial assets and liabilities at fair
value through other comprehensive
income/expense
Derivative financial assets
72.622
-
72.622
-
Derivative financial liabilities
(12.112)
-
(12.112)
-
Total
53.159
-
53.159
-
First Level: Quoted (non adjusted) prices in active markets for identical assets or liabilities.
Second Level: Other valuation techniques for which all inputs which have a significant effect on the recorded fair value are observable,
either directly or indirectly.
Third Level: Valuation techniques which use inputs which have a significant effect on the recorded fair value that are not based on
observable market data.