205
Overview
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Financials &
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Information
Ascott Residence Trust
Annual Report 2015
33 Fair value of assets and liabilities
(continued)
(b) Accounting classifications and fair values
The carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy are as follows. It does not
include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of
fair value.
Carrying amount
Fair value
Note
Designated
at fair value
$’000
Fair value –
hedging
instruments
$’000
Loans and
receivables
$’000
Other
financial
liabilities
$’000
Total
$’000
Level 1
$’000
Level 2
$’000
Level 3
$’000
Total
$’000
Group
31 December 2015
Financial assets
not measured at fair value
Trade and other receivables*
12
–
–
40,277
–
40,277
Cash and cash equivalents
14
–
– 220,467
– 220,467
–
– 260,744
– 260,744
Financial liabilities measured
at fair value
Financial derivatives
9
(322)
(11,213)
–
–
(11,535)
–
(11,535)
–
(11,535)
Financial liabilities
not measured at fair value
Secured bank loans
15
–
–
– (1,060,747) (1,060,747)
Unsecured bank loans
15
–
–
– (104,619)
(104,619)
Medium term notes
15
–
–
– (640,635)
(640,635)
– (650,301)
– (650,301)
Finance lease liabilities
15
–
–
–
(9,176)
(9,176)
Trade and other payables
^
16
–
–
– (118,256)
(118,256)
–
–
– (1,933,433) (1,933,433)
* Excluding prepayments.
^
Excluding advance rental and liability for employee benefits.
