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 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 the note receivable due October 2015 was based on the secondary market price quoted by a broker.

The fair values of carrying amounts of financial liabilities according to fair value hierarchy as of the reporting periods were as follows:

			09/30/2015								12/31/2014
			(€ in thousands)
			carrying amount				fair value				carrying amount				fair value
Non-current liabilities
financial liabilities (long-term debt)			597				567				752				750		Level 2
financial liabilities (finance lease obligation)			1 076				970				1 511				1 515		Level 2
Current liabilities
financial liabilities (bank overdraft)			378				378				448				448		Level 1
financial liabilities (long-term debt)			207				205				203				198		Level 2
financial liabilities (finance lease obligation)			666				699				590				593		Level 2

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