The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value, grouped into a three-level fair value hierarchy as mandated by IFRS 13, as follows:
Level 1 fair value measurements are those derived from quoted market prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1, that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices).
Level 3 fair value measurements are those derived from unobservable inputs for the assets or liabilities.
|
| | | | | | | | | | | | |
| | As of December 31, 2017 |
| | Level 1 | | Level 2 | | Level 3 | | Total |
Financial assets | | |
| | |
| | |
| | |
|
Mutual funds | | — |
| | 7,620 |
| | — |
| | 7,620 |
|
LEBACs | | — |
| | 527 |
| | — |
| | 527 |
|
Foreign exchange forward contracts | | — |
| | 73 |
| | — |
| | 73 |
|
Call option on minority interest (see note 23) | | — |
| | — |
| | 455 |
| | 455 |
|
Convertibles notes | | — |
| | 100 |
| | — |
| | 100 |
|
| | | | | | | | |
Financial liabilities | | | | | | | | |
Contingent consideration | | — |
| | — |
| | 23,905 |
| | 23,905 |
|
Put option on minority interest (see note 23) | | — |
| | — |
| | 2,797 |
| | 2,797 |
|
|
| | | | | | | | | | | | |
| | As of December 31, 2016 |
| | Level 1 | | Level 2 | | Level 3 | | Total |
Financial assets | | | | | | | | |
Mutual funds | | — |
| | 9,355 |
| | — |
| | 9,355 |
|
Call option on minority interest (see note 23) | | — |
| | — |
| | 319 |
| | 319 |
|
| | | | | | | | |
Financial liabilities | | | | | | | | |
Contingent consideration | | — |
| | — |
| | 23,314 |
| | 23,314 |
|
Put option on minority interest (see note 23) | | — |
| | — |
| | 4,388 |
| | 4,388 |
|
