The fair value of long-term debt was determined using discounted cash flow models based on the relevant forward interest rate yield curves. The fair value of finance lease obligations was determined using discounted cash flow models on market interest rates available to the Company for similar transactions at the relevant date.

Due to their short maturity and the current low level of interest rates, the carrying amounts of credit lines and bank overdrafts approximate fair value.

7. Other liabilities and provisions

As of June 30, 2014, the amount related to the LTCIP included in non-current other liabilities and provisions on our consolidated statement of financial position was kEUR 469. (December 31, 2013: kEUR 154).

8. Segment reporting

The following table summarizes segment reporting. The sum of the amounts of the two segments equals the total for the Group in each of the periods.

			Three months ended						Three months ended
			06/30/2014						06/30/2013
Thousands of Euros			SYSTEMS			SERVICES			SYSTEMS			SERVICES
Revenues			1,234			1,496			844			1,247
Gross profit			294			566			181			419
Gross profit in %			23.8%			37.8%			21.4%			33.6%
			Six months ended						Six months ended
			06/30/2014						06/30/2013
Thousands of Euros			SYSTEMS			SERVICES			SYSTEMS			SERVICES
Revenues			2,546			2,923			2,049			2,429
Gross profit			691			1,248			609			904
Gross profit in %			27.1%			42.7%			29.7%			37.2%

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »