NOTE 12
FINANCIAL RISK MANAGEMENT (CONTINUED)
(d) Fair value measurements
(i)
Fair value hierarchy and accounting classification
Judgements and estimates are made in determining the fair values of the items that are recognised and measured at
fair value in the financial statements. The reliability of the inputs used in determining fair value, has been classified into
the three levels prescribed under AASB 13. An explanation of each level follows underneath the table.
Fair Value
30 June 2014
Notes
Carrying
Value
$’000
Level 1
$’000
Level 2
$’000
Level 3
$’000
Total
$’000
Non financial assets
Designated at fair value
Infrastructure assets
8(c)
4,127,254
-
- 4,127,254 4,127,254
Available for sale
Properties held for sale
8(b)
1,968
1,968
-
-
1,968
Total non financial assets
4,129,222
1,968
- 4,127,254 4,129,222
Financial assets
Loans and receivables
Trade and other receivables
6(b)
79,934
-
-
-
79,934
Cash and cash equivalents
6(a)
91,284
-
-
-
91,284
Total financial assets
171,218
-
-
-
171,218
Financial liabilities
Fair value - hedging instruments
Interest rate swaps used for hedging 12(a)
3,087
-
3,087
-
3,087
Foreign exchange forward
contracts used for hedging
12(a)
31
-
31
-
31
Other financial liabilities
Interest bearing liabilities
6(d)
916,327
-
-
-
916,327
Trade payables
6(c)
82,119
-
-
-
82,119
Finance lease liabilities
6(e)
84
-
-
-
84
Total financial liabilities
1,001,648
-
3,118
- 1,001,648
82
