The fair value of the Company’s investments in the bond funds was determined based on the unit prices quoted by the respective fund management company.

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.

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.

		Quarter Ended March 31,
		2016				2015
		(€ in thousands)
		SYSTEMS		SERVICES		SYSTEMS		SERVICES
Revenues		2,783		2,087		2,817		2,772
Gross profit		693		638		772		1,107
Gross profit in %		24.9%		30.6%		27.4%		39.9%

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