The tables below provide an overview of the classification of financial assets and liabilities of NORMA Group measured at fair value in the fair value hierarchy under IFRS 13 as of December 31, 2025 and as of December 31, 2024:
| | | | |
Financial instruments – fair value hierarchy |
|
|---|
in EUR thousands | Level 1 1 | Level 2 2 | Level 3 3 | Total as of
Dec 31, 2025 |
|---|
Recurring fair value measurements | | | | |
|---|
Assets | | | | |
|---|
Interest rate swaps – held for trading | | 1,312 | |
|
Foreign currency derivatives – cash flow hedges | | 430 | | |
Foreign currency derivatives – fair value hedges | | 510 | | 510 |
Trade receivables – ABS/factoring program (mandatorily measured at FVTPL) | | 21,960 | | 21,960 |
Total assets |
| 24,212 |
| 24,212 |
|---|
Liabilities | | | | |
|---|
Foreign currency derivatives – held for trading | | 1,385 | |
|
Foreign currency derivatives – fair value hedges | | 763 | | 763 |
Total liabilities |
| 2,148 |
| 2,148 |
|---|
1_The fair value is determined on the basis of quoted (unadjusted) prices in active markets for these or identical assets or liabilities. 2_Fair value measurement for the asset or liability based on inputs that are observable on active markets either directly (as priced) or indirectly (derived from prices). 3_The fair value of these assets or liabilities is determined on the basis of parameters for which no observable market data are available. |
| | | | |
(Continued) Financial instruments – fair value hierarchy |
|
|---|
in EUR thousands | Level 1 1 | Level 2 2 | Level 3 3 | Total as of
Dec 31, 2024 |
|---|
Recurring fair value measurements | | | | |
|---|
Assets | | | | |
|---|
Foreign currency derivatives – held for trading | |
| |
|
Interest rate swaps – cash flow hedges | | 3,571 | | 3,571 |
Foreign currency derivatives – fair value hedges | | 1,415 | | 1,415 |
Trade receivables – ABS/factoring program (mandatorily measured at FVTPL) | | 18,427 | | 18,427 |
Total assets |
| 23,413 |
| 23,413 |
|---|
Liabilities | | | | |
|---|
Foreign currency derivatives – cash flow hedges | | 671 | | 671 |
Foreign currency derivatives – fair value hedges | | 84 | | 84 |
Total liabilities |
| 755 |
| 755 |
|---|
1_The fair value is determined on the basis of quoted (unadjusted) prices in active markets for these or identical assets or liabilities. 2_Fair value measurement for the asset or liability based on inputs that are observable on active markets either directly (as priced) or indirectly (derived from prices). 3_The fair value of these assets or liabilities is determined on the basis of parameters for which no observable market data are available. |
As in the previous year, there were no transfers between the individual levels of the measurement hierarchy during the period. The fair value of interest rate swaps is calculated as the present value of the expected future cash flows. The fair value of foreign currency derivatives is calculated using the forward exchange rate on the reporting date and the result is then presented at discounted present value.
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These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.