Te pŪrongo 2012
Notes to the financial statements (continued)
15.
Financial instruments
Financial instrument categories
The accounting policies for financial instruments have been applied to the line items below:
Group
Group Parent Parent
2012 2011 2012 2011
$000 $000 $000 $000
FINANCIAL ASSETS
Loans and receivables
Cash and cash equivalents
5,376 10,223
4,703
9,191
Debtors and other rereceivables
3,248
2,672
2,938
2,476
Other financial assets:
Term deposits
53,004 49,467 49,213 45,844
Total loans and receivables
61,628
62,362
56,854
57,511
FINANCIAL LIABILITIES at amortised cost
Creditors and other payables
10,562 10,932 16,387 18,230
Total financial liabilities at amortised cost
10,562
10,932
16,387
18,230
Financial value hierarchy disclosures
For those instruments recognised at fair value on the statement of financial position, fair values are
determined according to the following hierarchy:
• Quoted market price - Financial instruments with quoted prices for identical instruments in active
markets;
• Valuation technique using observable inputs - Financial instruments with quoted prices for similar
instruments in active markets or quoted prices for identical or similar instruments in inactive markets
and financial instruments valued using models where all significant inputs are observable; and
• Valuation techniques with significant non-observable inputs - Financial instruments valued using
models where one or more significant inputs are not observable.
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