keeping you connected
77
notes to the financial Statements
for the year ended 31 March 2012
Categories of financial instruments
Parent
Financial Derivatives
liabilities at designated
Loans and amortised
as cash
receivables
cost flow hedges
Total
Note
$’000
$’000
$’000
$’000
Cash and bank balances
13
476
-
-
476
Trade and other receivables
14
1,627
-
-
1,627
Other financial assets
17
28,045
-
-
28,047
Total financial assets
30,148
-
-
30,148
Total non-financial assets
204,058
Total assets at 31 March 2012
234,206
Trade and other payables
22
-
3,147
-
3,147
Borrowings
23
-
43,900
-
43,900
Other financial liabilities
24
-
4,083
1,695
5,778
Total financial liabilities
-
51,130
1,695
52,825
Total non-financial liabilities
44,927
Total liabilities at 31 March 2012
97,752
Cash and bank balances
13
577
-
-
577
Trade and other receivables
14
980
-
-
980
Other financial assets
17
27,330
-
-
27,330
Total financial assets
28,887
-
-
28,887
Total non-financial assets
153,327
Total assets at 31 March 2011
182,214
Trade and other payables
22
-
3,449
-
3,449
Borrowings
23
-
44,450
-
44,450
Other financial liabilities
24
-
2,108
1,450
3,558
Total financial liabilities
-
50,007
1,450
51,457
Total non-financial liabilities
31,413
Total liabilities at 31 March 2011
82,870
Fair value of financial instruments
The fair values of financial assets and financial liabilities are determined as follows:
the fair value of financial assets and financial liabilities with standard terms and conditions and traded on
•
active liquid markets is determined with reference to quoted market prices;
the fair value of other financial assets and financial liabilities (excluding derivative instruments) is
•
determined in accordance with generally accepted pricing models based on discounted cash flow analysis
using prices from observable current market transactions and dealer quotes for similar instruments;
the fair value of derivative instruments is calculated using quoted prices. Where such prices are not
•
available, use is made of discounted cash flow analysis using the applicable yield curve derived from
quoted interest rates for the duration of the instruments for non-optional derivatives, and option pricing
models for optional derivatives.
keeping you connected
77