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Notes to the Financial Statements
29 ESTIMATION OF FAIR VALUES (CONTINUED)
Fair value hierarchy
The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been
defined as follows:
• Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities
• Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability,
either directly (i.e., as prices) or indirectly (i.e., derived from prices)
• Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
Level 1 Level 2 Level 3 Total
Group $’000 $’000 $’000 $’000
As at 31 December 2011
Derivative financial assets – 4 – 4
Derivative financial liabilities – (214) – (214)
– (210) – 210
As at 31 December 2010
Available-for-sale financial assets – – 15,783 15,783
Derivative financial assets – 55 – 55
– 55 15,783 15,838
Trust
As at 31 December 2011
Derivative financial liabilities – (88) – (88)
SAR1112034_TCT_AR_().indb 112 3/23/2012