VVO Group plc
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.
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.