Menu

20. Financial liabilities

Carrying value of financial liabilities
in thousand EUR   2019   2018
Financial liabilities from loans   42 035   35 340
Lease liabilities   2 173   1 900
Total financial liabilities   44 208   37 240
 
Current financial liabilities   2 317   5 570
Current financial liabilities, related parties with significant influence   5 896   6 747
Short-term lease liabilities   776   1 065
Non-current financial liabilities, third parties   8 792   4 302
Non-current financial liabilities, related parties with significant influence   25 030   19 754
Non-current financial liabilities, associates     33
Long-term lease liabilities   1 397   835
Total financial liabilities   44 208   37 240

Interest expenditure from lease liabilities amounted to EUR 0.1 million (2018: EUR 0.1 million).

The changes in liabilities from financing activities are detailed below:

in thousand EUR   Current
financial liabilities
  Non-current
financial liabilities
  Total
At 1 January 2018   9 699   23 720   33 419
Cashflows            
 Cash inflow   2 990   1 686   4 676
 Cash outflow   –1 801   –876   –2 677
Non-cash changes            
 Reclassifications   1 229   –1 229  
 Increase in lease liabilities       1 082   1 082
 Currency effects   199   541   740
At 31 December 2018   12 316   24 924   37 240
Adjustment due to IFRS 16       584   584
At 1 January 2019   12 316   25 507   37 823
Cashflows            
 Cash inflow     7 796   7 796
 Cash outflow to reflect lease payments   –10   –206   –216
 Cash outflow due to redemption   –4 756   –911   –5 668
Non-cash changes            
 Reclassifications   1 186   –1 186  
 Increase in lease liabilities   17   1 186   1 203
 Increase to reflect interest on lease liabilities   1   64   65
 Accrued interests     2 278   2 278
 Disposal due to renouncement     –66   –66
 Currency effects   235   758   993
At 31 December 2019   8 989   35 219   44 208

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   2019   2018
Currencies financial liabilities/borrowings denominated in:        
EUR   1 015   3 000
XAF   10 056   6 343
CHF   30 974   25 870
BRL   2 163   2 027
Total financial liabilities   44 208   37 240

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

    2019   2018
EUR   1.0 – 4.0%   4.2%
XAF   8.5–11.0%   8.5–11.0%
CHF   1.5 – 6.0%   6.0%
BRL   4.5 – 6.8%   6.5%

Further details about financial risk management are described in Note 2.