7. Financial instruments
The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
The fair values and carrying amounts of financial assets categorized as loans and receivables and available for sale securities for the considered reporting periods were as follows:
| 03/31/2015 | 12/31/2014 | ||||||||||
| Assets | (€ in thousands) | ||||||||||
|
carrying
amount |
fair value |
carrying
amount |
fair value | ||||||||
| Non-current assets | |||||||||||
| Financial assets (restricted cash) | 252 | 252 | 247 | 247 | Level 1 | ||||||
| Current assets | |||||||||||
| Trade receivables | 2,844 | 2,844 | 3,148 | 3,148 | Level 1 | ||||||
| Financial assets (customer loan) | 458 | 458 | 1,074 | 1,079 | Level 2 | ||||||
| Financial assets (bond funds) | 39,065 | 39,065 | 40,068 | 40,068 | Level 1 | ||||||
| Cash and cash equivalents | 7,879 | 7,879 | 8,031 | 8,031 | Level 1 | ||||||
