159
ANNUAL REPORT 2014
27 FINANCIAL RISK MANAGEMENT (CONT’D)
Fair values (cont'd)
Accounting classifications and fair values (cont'd)
Fair value – Other
Loans and hedging financial
Note receivables instruments liabilities
Total
Fair value
$’000
$’000
$’000 $’000
$’000
Stapled Group
2014
Trade and other receivables^
9
17,512
–
–
17,512
17,512*
Cash and cash equivalents
10
76,447
–
–
76,447
76,447*
Rental deposits
126
–
–
126
123
94,085
–
–
94,085
94,082
Unsecured bank loans
12
–
– (571,488)
(571,488)
(570,061)
Unsecured medium term notes
12
–
– (203,444)
(203,444)
(203,121)
Financial derivatives liabilities
13
–
(581)
–
(581)
(581)
Trade and other payables
15
–
–
(39,651)
(39,651)
(39,651)*
Rental deposits
–
–
(7,065)
(7,065)
(7,984)
–
(581)
(821,648)
(822,229)
(821,398)
2013
Trade and other receivables^
9
14,556
–
–
14,556
14,566*
Cash and cash equivalents
10
68,728
–
–
68,728
68,728*
Rental deposits
76
–
–
76
72
83,360
–
–
83,360
83,366
Unsecured bank loans
12
–
– (415,064)
(415,064)
(413,748)
Unsecured medium term notes
12
–
– (273,164)
(273,164)
(273,668)
Financial derivatives liabilities
13
–
(421)
–
(421)
(421)
Trade and other payables
15
–
–
(22,332)
(22,332)
(22,332)*
Rental deposits
–
–
(6,826)
(6,826)
(7,728)
–
(421)
(717,386)
(717,807)
(719,897)
^ Excluding prepayments and deferred capital expenditure
* Carrying amount is a reasonable approximation of fair value
Interest rates used in determining fair values
The interest rate used to discount estimated cash flows is set out below:
2014
2013
%
%
Fixed rate medium term notes
2.50
2.50
Rental deposits
1.74
1.87
NOTES TO THE FINANCIAL STATEMENTS
