7. Financial instruments
The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
The fair values and carrying amounts of financial assets according to fair value hierarchy as of the reporting periods were as follows:
|(€ in thousands)|
|Financial assets (restricted cash)||206||206||247||247||Level 1|
|Financial assets (customer loan)||262||262||1,074||1,079||Level 2|
|Financial assets (bond funds)||38,091||38,091||40,068||40,068||Level 1|
|Cash and cash equivalents||3,757||3,757||8,031||8,031||Level 1|