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
Trust
$’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
–
– 1,703,598
–
1,703,598
Cash and cash
equivalents
14
–
–
91,654
–
91,654
–
– 1,815,502
–
1,815,502
Financial liabilities
measured at fair value
Financial derivatives
9
(938)
(10,017)
–
–
(10,955)
– (10,955)
–
(10,955)
Financial liabilities not
measured at fair value
Secured bank loans
15
–
–
–
(394,635)
(394,635)
Unsecured bank loans
15
–
–
–
(75,583)
(75,583)
Intra-group financial
guarantees
15
–
–
–
(1,162)
(1,162)
Trade and other payables
16
–
–
–
(392,397)
(392,397)
–
–
–
(863,777)
(863,777)
Notes to the Financial Statements
Year ended 31 December 2014
196 | Ascott Residence Trust Annual Report 2014
