Financial assets are recognized at amortized cost, which approximates fair value, or at fair value (Note 3.8). Financial liabilities are generally recognized at amortized cost, which approximates fair value. The fixed rate Bonds accounted for at amortized cost of EUR 375.2m (2024: EUR 371.2m; 2023: EUR 375.1m) (Note 4.4) are quoted in an active market (Level 1 measurement) with a fair value of EUR 375.6m (2024: EUR 341.3m; 2023: EUR 261.3m).