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Jotun Annual Report 2016

12 OVERVIEW OF FINANCIAL INSTRUMENTS This note gives an overview of the carrying and fair value of Jotun Group’s financial instruments and the accounting treatment of these instruments. The table is the basis for all further information regarding the Group’s financial risk and refers to the subsequent notes on this subject. The table also indicates the measurement level for valuation of the Group’s financial instruments according to the three-tier fair value hierarchy set forth in IFRS. 2016 FINANCIAL INSTRUMENTS FINANCIAL AT FAIR VALUES LIABILITIES MEASURE- THROUGH MEASURED AT DEPOSITS OF THIS MENT STATEMENT OF AMOTISED AND INTEREST (NOK THOUSAND) NOTE LEVEL INCOME COST RECEIVABLES TOTAL BEARING NON-CURRENT ASSETS Share investments 3 8 248 8 248 Other interest-bearing receivables 125 415 125 415 125 415 Total 8 248 – 125 415 133 663 125 415 CURRENT ASSETS Accounts receivable 13 3 865 385 3 865 385 Other current receivables 13 638 934 638 934 Cash and cash equivalents 14 1 586 034 1 586 034 1 586 034 Total – – 6 090 354 6 090 354 1 586 034 Total financial assets 8 248 – 6 215 769 6 224 016 1 711 449 NON-CURRENT LIABILITIES – Non-current Financial liabilities 15 2 2 357 102 2 357 102 2 357 102 Total – 2 357 102 – 2 357 102 2 357 102 CURRENT LIABILITIES Interest-bearing debt 15, 11 877 352 877 352 877 352 Trade and other payables 1 693 379 1 693 379 Current tax liabilities 6 159 554 159 554 Other liabilities 16 1 729 258 1 729 258 Current derivatives 11 1 –14 625 –14 625 Total –14 625 4 459 542 – 4 444 918 877 352 Total financial liabilities –14 625 6 816 644 – 6 802 020 3 234 454 Total measurement level 1 (Quoted, unadjusted prices in active markets for identical assets and liabilities Total measurement level 2 (Other techniques for which all inputs that have significant effect on the recorded fair value are observable, directly or indirectly) Total measurement level 3 (Techniques which use inputs which have significant effect on the recorded fair value that are not based on observable market data) Share investment consisting of 33.4 per cent of the shares in Nor-Maali OY. 36 JOTUN GROUP


Jotun Annual Report 2016
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