101 / 136
99
Fair value measurements
The following table presents the Group’s assets measured and recognised at fair value as at
31 July 2016 and 31 July 2015.
As at 31 July 2016
Level 1
Level 2
Level 3
Total
Note
$’000
$’000
$’000
$’000
Financial assets
Trading equities
11
15,459
–
16,146
31,605
Long term equity investments
11
585,700
–
3
585,703
Other financial assets – equity investments
11
–
–
11,837
11,837
Derivatives – Foreign exchange hedge
22
–
2,313
–
2,313
Non-financial assets
Investment properties
12
–
–
92,932
92,932
Total assets
601,159
2,313
120,918
724,390
Financial liabilities
Derivatives - Interest rate swaps
–
167
–
167
Total liabilities
–
167
–
167
As at 31 July 2015
Financial assets
Trading equities
11
12,956
–
8,344
21,300
Long term equity investments
11
615,642
–
3
615,645
Other financial assets – equity investments
11
–
–
5,425
5,425
Non-financial assets
Investment properties
12
–
–
20,720
20,720
Total assets
628,598
–
34,492
663,090
Financial liabilities
Derivatives – Foreign exchange hedge
22
–
23,144
–
23,144
Total liabilities
–
23,144
–
23,144