Page 108 - Forterra

106 FORTERRA
ANNUAL REPORT 2012
NOTES TO THE
FINANCIAL STATEMENTS
29 ESTIMATION OF FAIR VALUES (CONTINUED)
Accounting classifications and fair values
Fair values versus carrying amounts
The fair values of financial assets and liabilities (including those classified as held for sale), together
with the carrying amounts shown in the statement of financial position, are as follows:
Group
Note
Hedging
instruments
at
fair value
Loans
and
receivables
Other
financial
liabilities
within the
scope of
FRS 39
Total
carrying
amount
Fair
Values
$’000 $’000 $’000 $’000 $’000
2012
Financial assets
Trade and other receivables* 8 – 96,304 – 96,304 96,304
Cash and cash equivalents 9 – 42,080 – 42,080 42,080
Assets held for sale* 10 – 16,864 – 16,864 16,864
– 155,248 – 155,248 155,248
Financial liabilities
Interest rate swaps 7 1,240 – – 1,240 1,240
Debt securities 12 – – 75,165 75,165 85,791
Secured borrowings 11 – – 672,280 672,280 672,280
Deferred consideration 13 – – 14,130 14,130 14,130
Trade and other payables# 13 – – 85,572 85,572 85,572
Liabilities held for sale# 10 – – 267,365 267,365 267,365
1,240 – 1,114,512 1,115,752 1,126,378
2011
Financial assets
Trade and other receivables* 8 – 37,721 – 37,721 37,721
Cash and cash equivalents 9 – 45,598 – 45,598 45,598
– 83,319 – 83,319 83,319
Financial liabilities
Interest rate swaps/cap 7 126 – – 126 126
Debt securities 12 – – 68,041 68,041 79,512
Secured borrowings 11 – – 842,971 842,971 842,971
Deferred consideration 13 – – 13,950 13,950 13,593
Trade and other payables# 13 – – 79,731 79,731 79,731
126 – 1,004,693 1,004,819 1,015,933
* excludes prepayments
# excludes advance from customers