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.

7. Other liabilities and provisions

As of September 30, 2014, the amount related to the LTCIP included in non-current other liabilities and provisions on our consolidated statement of financial position was kEUR 642 (December 31, 2013: kEUR 154).

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.

		Three months ended 09/30/2014					Three months ended 09/30/2013
Thousands of Euros		SYSTEMS		SERVICES			SYSTEMS		SERVICES
Revenues		2,264		1,492			1,836		1,681
Gross profit		803		595			712		892
Gross profit in %		35.5%		39.9%			38.8%		53.1%
		Nine months ended 09/30/2014					Nine months ended 09/30/2013
Thousands of Euros		SYSTEMS		SERVICES			SYSTEMS		SERVICES
Revenues		4,810		4,415			3,885		4,110
Gross profit		1,494		1,843			1,320		1,798
Gross profit in %		31.1%		41.7%			34.0%		43.7%

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »