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Fair values
 12 Months Ended
Dec. 31, 2023
Disclosure of fair value measurement of assets [abstract]  
Fair values

19.           Fair values

 

Carrying amounts and fair values

 

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy (as defined in note 2.22). It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value, such as cash and cash equivalents, restricted cash, trade receivables and trade payables.

 

    Carrying amount   Fair value
        Level 1   Level 2   Level 3   Total
December 31, 2023                    
    Financial assets                
Financial assets measured at fair value                    
Non-current portion of fair value of derivative financial instruments   495   —   495   —   495
Current portion of fair value of derivative financial instruments   808   —   808   —   808
    1,303                
                     
    Financial liabilities                
Financial liabilities not measured at fair value                    
Long-term borrowings   52,620   —    54,107   —    54,107
    52,620                

 

    Carrying amount   Fair value
        Level 1   Level 2   Level 3   Total
December 31, 2022                    
    Financial assets                
Financial assets measured at fair value                    
Non-current portion of fair value of derivative financial instruments   1,315   —   1,315   —   1,315
Current portion of fair value of derivative financial instruments   1,092   —   1,092   —   1,092
    2,407                
                     
    Financial liabilities                
Financial liabilities not measured at fair value                    
Long-term borrowings   44,375   —    45,549   —    45,549
    44,375                

 

 

19.          Fair values (continued)

 

Measurement of fair values

 

Valuation techniques and significant unobservable inputs

 

The following tables show the valuation techniques used in measuring Level 1, Level 2 and Level 3 fair values, as well as the significant unobservable inputs used.

 

Financial instruments measured at fair value      
       
Type  Valuation Techniques  Significant unobservable inputs
       
Derivative financial instruments:      
Interest Rate Swap  Discounted cash flow    Discount rate
       

Financial instruments not measured at fair value

      
Asset and liabilities not measured at fair value      
Type  Valuation Techniques  Significant unobservable inputs
       
Long-term borrowings  Discounted cash flow  Discount rate

 

 

Transfers between Level 1, 2 and 3

There were no transfers between these levels in 2022 and 2023.