The fair value of customer loans included in financial assets was determined using a discounted cash flow model based on observable inputs from the relevant forward interest rate yield curve plus an appropriate risk premium. The fair value of available for sale financial assets represents the quoted price.

The fair values of carrying amounts of financial liabilities for the considered reporting periods were as follows:

		03/31/2015				12/31/2014
Liabilities		(€ in thousands)
		carrying amount		fair value		carrying amount		fair value
Non-current liabilities
financial liabilities (long-term debt)		700		690		752		750		Level 2
financial liabilities (finance lease obligation)		1,326		1,263		1,511		1,515		Level 2
Current liabilities
financial liabilities (bank overdraft)		448		448		448		448		Level 1
financial liabilities (long-term debt)		204		232		203		198		Level 2
financial liabilities (finance lease obligation)		645		726		590		593		Level 2
Trade payables		3,018		3,018		2,326		2,326		Level 1

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