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CONSOLIDATED FINANCIAL REPORT | EXPLANATORY NOTES
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The following tables present the assets and liabilities that are measured at fair value:
Financial assets classified in fair value Level 3 have reported no significant movements in either 2015 or
2014.
Given the short-term nature of trade receivables and payables, their carrying amounts, net of any allowance
for doubtful accounts, are treated as a good approximation of fair value.
During 2015 there were no transfers of financial assets and liabilities between the different levels of the fair
value hierarchy.