9. Financial Instruments
Payment Risk
Disclosure of categories according IAS 39
The financial instruments, classified to categories according IAS 39, are as follows:
| T€ | 2006 | 2007 |
| Assets | ||
| Trade receivables | 211,922 | 214,478 |
|
Other assets and receivables |
7,603 | 6,265 |
| Loans and receivables | 219,525 | 220,743 |
|
Financial assets available for sale |
2,716 | 4,583 |
|
Financial instruments stated as fair value |
11,949 | 9,301 |
| Liabilities | ||
| Trade payables | 67,381 | 72,424 |
| Borrowings | 492,525 | 608,662 |
| Sundry liabilities | 4,149 | 7,061 |
|
Financial liabilities stated at amortized costs |
564,055 | 688,147 |
Credit Risk
The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk as of the reporting date was:
| T€ | 2006 | 2007 |
|
Financial assets available for sale |
2,716 | 2,605 |
|
Financial assets at fair value through profit or loss |
11,949 | 9,301 |
| Loans and receivables | 219,525 | 220,743 |
|
Cash and cash equivalents |
65,280 | 79,250 |
| 299,470 | 311,899 |