17. OTHER FINANCIAL ASSETS
MEUR Balance sheet values 2014 Balance sheet values 2013
Non-current financial assets
Available-for-sale financial assets
Unquoted share investments 3.8 3.7
Financial assets recognised at fair value through profit or loss
Contingent considerations
Loan receivables 0.1 0.1
Total 3.9 3.8
Current financial assets
Investments held to maturity 0.2 0.0
Assets recognised at fair value through profit or loss
Foreign currency derivative 0.0
Contingent considerations 2.0
Total 0.2 2.0
Financial assets, total 4.1 5.8
Contingent considerations are classified as derivatives. Following IAS 39, they are recognised as financial assets measured at fair value through profit or loss on the balance sheet. Changes in fair value are recognised in finance income and expenses in the income statement. The company had no open receivables arising from business combinations on 31 December 2014.
Available-for-sale investments are mainly unquoted shares.
Available-for-sale financial assets are presented in the following table:
MEUR 2014 2013
At the beginning of the period 3.7 3.7
Other increases 0.1 0.0
Decreases 0.0 0.0
Net profits/losses transferred to be recognised through profit or loss
At the end of the period 3.8 3.7
Items recognised at fair value through profit or loss are presented in the following table:
MEUR 2014 2013
At beginning of period 2.0 0.9
Decreases -2.0 -0.1
Net profits/losses transferred to be recognised through profit or loss 0.1 1.2
At end of period 0.0 2.0
Level 1
Foreign currency derivative 0.0
Level 3
Assets recognised at fair value through profit or loss 2.0
Level 1 includes the quoted (unadjusted) prices of identical assets in active markets.
Level 3 includes inputs concerning assets that are not based on observable market data (unobservable inputs).
Contingent considerations arising from the acquisition of business operations on the balance sheet on 31 December 2013 are based on the companies’ operating profit for 2013.
No transfers between the fair value hierarchy levels have taken place during the ended financial period and the previous financial period.
Investments held to maturity include other current investments. They are valued at amortised cost and are included in current assets.
Available-for-sale financial assets mainly comprise unquoted investments, and they are valued at acquisition cost as the acquisition cost corresponds to their fair value.