/ 1 5 8
NOTES TO THE FINANCIAL STATEMENTS
C A M B R I D G E I N D U S T R I A L T R U S T
A N N U A L R E P O R T 2 0 1 5
25.
Financial instruments (Cont’d)
Financial assets and liabilities carried at fair value
Group and Trust
Level 1 Level 2 Level 3
Total
$’000
$’000
$’000
$’000
31 December 2015
Interest rate swaps
–
604
–
604
31 December 2014
Interest rate swaps
–
287
–
287
Financial assets and liabilities not carried at fair value but for which fair values are disclosed*
Group
Level 1 Level 2 Level 3
Total
$’000
$’000
$’000
$’000
31 December 2015
Fixed rate loan
–
–
100,009 100,009
Fixed rate notes
–
–
315,024 315,024
–
–
415,033 415,033
31 December 2014
Fixed rate notes
–
–
179,466 179,466
Trust
31 December 2015
Fixed rate loan
–
–
100,009 100,009
Loans from a subsidiary
–
–
315,024 315,024
–
–
415,033 415,033
31 December 2014
Loans from a subsidiary
–
–
179,466 179,466
* Excludes financial assets and financial liabilities whose carrying amounts measured on the amortised cost basis approximate their fair values
due to their short-term nature and where the effect of discounting is immaterial.
