91 / 96
87
Consolidated - At 31 March 2016
Note
Less than 1
year
$'000
Between 1
and 2 years
$'000
Between 2
and 5 years
$'000
Over 5
years
$'000
Total
contractual
cash flows
$'000
Carrying
Amount
liabilities
$'000
Non-derivatives
Trade and other payables
21
10,497
-
-
-
10,497
10,596
Borrowings
19 217,707
1,564 43,012
- 262,283 250,352
Total non-derivatives
228,204
1,564 43,012
- 272,780 260,948
Derivatives
Derivative financial instruments (outflows)
9,039
633
1,149
206
11,027
10,735
Total derivatives
20
9,039
633
1,149
206
11,027
10,735
Non-derivatives
Trade and other payables
21
10,594
-
-
-
10,594 10,594
Borrowings
19
17,005
12,393 294,702
- 324,100 268,133
Total non-derivatives
27,599 12,393 294,702
- 334,694 278,727
Derivatives
Derivative financial instruments (outflows)
2,362
1,857
3,355
341
7,915
7,686
Total derivatives
20
2,362
1,857
3,355
341
7,915
7,686
(d) Fair value estimation
The fair value of financial instruments traded in active markets is based on quoted market prices at balance date. The quoted
market price used for financial assets held by the Trust is the current bid price, with the exception of investment in subsidiaries
and joint ventures.
Investment in subsidiaries and joint ventures do not have a quoted market price in an active market and the fair value cannot be
reliably measured.
The carrying value less impairment provision of trade receivables and payables approximate their fair values due to their short
term nature. The fair value of financial liabilities for disclosure purposes is estimated by discounting the future contractual cash
flows at the current market interest rate that is available to the Trust for similar financial instruments.
There are no financial liabilities with a carrying value different to their fair value.
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).