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12. Financial liabilities

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

Net book value of financial liabilities
in thousand EUR   2018   2017
Financial liabilities from borrowings   35 340   31 381
Financial liabilities finance-lease   1 900   2 038
Total financial liabilities   37 240   33 419
 
Total current financial liabilities   12 316   9 699
Non-current financial liabilities, third parties   24 891   23 613
Non-current financial liabilities, associates   33   107
Total financial liabilities   37 240   33 419

Interest expenditure from finance-lease liabilities amounted to EUR 0.1 million (2017: 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   2018   2017
Currencies financial liabilities/borrowings denominated in:        
EUR   3 000   3 000
XAF   6 343   6 266
CHF   25 870   22 649
BRL   2 027   1 504
Total financial liabilities   37 240   33 419

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

    2018   2017
EUR   4.2%   4.2%
XAF   8.5–11.0%   8.5–11.0%
CHF   6.0%   6.0%
BRL   6.5%   7.2%

The changes in liabilities from financing activities are detailed below in cash and non-cash items:

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 long-term finance lease liabilities   1 198           1 198
 Accrued interests   1 847     9   1 856
 Currency effects   –1 532   –599   –16   –2 146
At 31 December 2017   23 720   9 699     33 419
 
Cashflows                
 Cash inflow   1 686   2 990     4 676
 Cash outflow   –876   –1 801     –2 677
Non-cash changes                
 Reclassifications   –1 229   1 229    
 Increase in finance lease liabilities   1 082           1 082
 Accrued interests        
 Currency effects   541   199     740
At 31 December 2018   24 924   12 316     37 240