12. Financial liabilities

The carrying amount of financial liabilities corresponds approximately to their fair value.

Net book value of financial liabilities

in thousand EUR	2017	2016
Financial liabilities from borrowings	31 381	29 992
Financial liabilities finance-lease	2 038	1 904
Total financial liabilities	33 419	31 896

Total current financial liabilities	9 699	12 001
Non-current financial liabilities, third parties	23 613	19 287
Non-current financial liabilities, associates	107	608
Total financial liabilities	33 419	31 896

Interest expenditure from finance-lease liabilities amounted to EUR 0.2 million (2016: EUR 0.2 million). Finance-lease liabilities are secured effectively as the rights to the leased asset revert to the lessor in the event of a breach of contract.

The carrying amounts of financial liabilities are denominated in the following currencies. The amounts are translated into EUR at the exchange rate of the reporting date.

in thousand EUR	2017	2016
Currencies financial liabilities/borrowings denominated in:
EUR	3 000	1 000
XAF	6 266	6 412
CHF	22 649	22 412
BRL	1 504	2 072
Total financial liabilities	33 419	31 896

The changes in liabilities from financing activities are detailed below in cash and non-cash items. For 2017 a prospective reporting approach was chosen.

in thousand EUR	Non-current financial liabilities	Current financial liabilities	Short-term convertible loans	Total
At 1 January 2017	19 895	11 544	457	31 896
Cashflows
Cash inflow	4 485	–	–	4 485
Cash outflow	–913	–2 517	–18	–3 447
Non-cash changes
Reclassifications	–1 261	1 271	–432	–423
Increase in finance lease liabilities	1 198			1 198
Accrued interests	1 847	–	9	1 856
Translation differences	–1 532	–599	–16	–2 146
At 31 December 2017	23 720	9 699	–	33 419

The effective interest rates at the reporting date by currency were as follows:

	2017	2016
EUR	4.2%	4.5%
XAF	8.5–11.0%	8.5–11.0%
CHF	6.0%	6.0–10.7%
BRL	7.2%	4.5%