| | 30 June 2015 | 31 December 2014 |
EUR million | Carrying value total | LEVEL 1 | LEVEL 2 | LEVEL 3 | Fair value total | Carrying value total | LEVEL 1 | LEVEL 2 | LEVEL 3 | Fair value total |
Assets and liabilities at fair value | | | | | | | | | | |
| Interest rate derivatives | -43.1 | - | -43.1 | - | -43.1 | -53.8 | - | -53.8 | - | -53.8 |
| Electricity derivatives | -1.1 | -1.1 | - | - | -1.1 | -0.9 | -0.9 | - | - | -0.9 |
| Available-for-sale financial assets | 39.4 | 36.9 | 2.0 | 0.5 | 39.4 | 56.1 | 49.1 | 6.4 | 0.6 | 56.1 |
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Assets and liabilities at amortised cost | | | | | | | | | | |
| Held-to-maturity investments | 6.8 | 2.0 | 4.8 | - | 6.8 | 6.8 | 2.0 | 4.8 | - | 6.8 |
| Loans and receivables | 5.0 | 5.0 | - | - | 5.0 | 6.0 | 6.0 | - | - | 6.0 |
| Other interest-bearing debt | 1787.5 | - | 1,787.5 | - | 1,787.5 | 1,750.6 | - | 1,750.6 | - | 1,750.6 |
| Bond | 99.5 | - | 100.0 | - | 100.0 | 99.5 | - | 100.0 | - | 100.0 |
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The fair value of the loans is equal to the nominal amount of the loan. | | | | | |
There has not been any changes between fair value hierachy levels during the reporting period. |
Financial assets and liabilities that are valued at fair value are classified on three hierarchy levels according to the estimated reliability of the valuation method: |
Level 1: The fair value is based on market prices for identical instruments quoted in an active market. |
Level 2: A market price quoted on the active market exists for similar instrument. The price may, however, be derived directly or indirectly from quoted price information. |
Level 3: There is no active market for the instrument, the fair value cannot be reliably derived and the fair value is not determined based on observable market data. |
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LEVEL 3 reconciliation | | | | | | | | | | |
Available-for-sale financial assets | | | | | | | | | |
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EUR million | | | 30 June 2015 | | | 31 December 2014 | | | | |
Beginning of period | | | 0.6 | | | 0.6 | | | | |
Deductions | | | 0.0 | | | 0.0 | | | | |
End of period | | | 0.5 | | | 0.6 | | | | |
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Available-for-sale financial assets at hierachy level 3 are unquoted shares measured at historical cost less any impairment losses as their fair values cannot be measured reliably. |
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