Page 140 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
138
30 DETERMINATION OF FAIR VALUES (CONTINUED)
Accounting classifications and fair values (Continued)
Financial assets and financial liabilities not carried at fair value but for which fair values are
disclosed*
Level 1 Level 2 Level 3 Total
$’000 $’000 $’000 $’000
Group and Trust
31 December 2013
Debt securities – liability component – (84,102) – (84,102)
31 December 2012
Debt securities – liability component – (85,791) – (85,791)
* exclude financial assets and liabilities whose carrying amounts measured on the amortised cost
basis approximate their fair values due to their short-term nature and/or the effect of discounting is
immaterial.
The following table shows a reconciliation from the beginning balance to the ending balance for
Level 3 fair value measurements.
Group
2013 2012
$’000 $’000
Balance at 1 January 2,656,358 2,668,647
Additions 71,962 48,455
Disposal (374,313) –
Gains and losses for the year
Changes in fair value – Unrealised (13,641) 70,381
Change in fair value recognised in other
comprehensive income
Effect of movements in exchange rates 168,721 (131,125)
Balance at 31 December 2,509,087 2,656,358