85 / 100
Disclosure of fair value measurements is made by the level of the following fair value measurement hierarchy:
• Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).
• Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as
prices) or indirectly (that is, derived from prices) (level 2).
• Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3).
Consolidated – as at 31 March 2015
Level 1
$’000
Level 2
$’000
Level 3
$’000
Total balance
$’000
Assets
Financial assets at fair value through profit or loss
– Investments in listed companies
12,881
-
-
12,881
– Investments in unlisted companies
-
-
14,238
14,238
– Investments in unlisted company (AFL income shares)
-
-
10,521
10,521
Total assets
12,881
-
24,759
37,640
Liabilities
Financial liabilities at fair value through profit or loss
– Interest rate swaps
-
7,686
-
7,686
Total liabilities
-
7,686
-
7,686
Consolidated – as at 31 March 2014
Level 1
$’000
Level 2
$’000
Level 3
$’000
Total balance
$’000
Assets
Financial assets at fair value through profit or loss
– Investments in listed companies
1,957
-
-
1,957
– Investments in unlisted companies
-
-
10,883
10,883
– Investments in unlisted company (AFL income shares)
-
-
10,521
10,521
Derivatives – call option agreement for property
-
647
-
647
Total assets
1,957
647
21,404
24,008
Liabilities
Financial liabilities at fair value through profit or loss
– Interest rate swaps
-
5,048
-
5,048
Total liabilities
-
5,048
-
5,048
83
waikato-tainui
annual report 2015