33 FAIR VALUE OF ASSETS AND LIABILITIES
(continued)
(b) Accounting classifications and fair values
(continued)
Carrying amount
Fair value
Note
Designated
at fair
value
Fair value –
hedging
instruments
Loans and
receivables
Other
financial
liabilities
Total
Level 1 Level 2 Level 3
Total
Group
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
31 December 2013
Financial assets
measured at fair value
Financial derivatives
9
–
929
–
–
929
–
929
–
929
Financial assets not
measured at fair value
Deposits
11
–
–
20,250
–
20,250
Trade and other receivables 13
–
–
29,195
–
29,195
Cash and cash equivalents 14
–
–
204,518
–
204,518
–
–
253,963
–
253,963
Financial liabilities
measured at fair value
Financial derivatives
9
(938)
(11,287)
–
–
(12,225)
– (12,225)
– (12,225)
Financial liabilities not
measured at fair value
Secured bank loans
15
–
–
–
(793,095)
(793,095)
Unsecured bank loans
15
–
–
–
(75,583)
(75,583)
Medium term notes
15
–
–
–
(311,038)
(311,038)
– (311,012)
– (311,012)
Finance lease liabilities
15
–
–
–
(17,368)
(17,368)
Trade and other payables
16
–
–
–
(112,208)
(112,208)
–
–
– (1,309,292)
(1,309,292)
Notes to the Financial Statements
Year ended 31 December 2014
194 | Ascott Residence Trust Annual Report 2014
