notes to the financial statements - Investor Relations

CWT Limited
98
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2011
22 FINANCIAL ASSETS AND LIABILITIES CLASSIFICATION
Accounting classification and fair values
Fair values versus carrying amounts
The fair values of financial assets and liabilities, together with the carrying amounts shown in the statement of financial
position, are as follows:
Fair value –
hedging
instruments
Loans and
receivables
Availablefor-sale
Other
financial
liabilities
within the
scope of
FRS 39
Total
carrying
amount Fair value
Note
$’000 $’000 $’000 $’000 $’000 $’000
Group
2011
Cash and cash equivalents 21 − 211,982 − − 211,982 211,982
Trade and other receivables 16 − 502,747 − − 502,747 502,747
Non-current receivables 10 − 8,470 − − 8,470 8,470
Available-for-sale securities
Commodities futures used for
9 − − 83,575 − 83,575 83,575
hedging 27 83,563 − − − 83,563 83,563
83,563 723,199 83,575 − 890,337 890,337
Interest rate swaps used for
hedging 27 (2,418) − − − (2,418) (2,418)
Commodities futures used for
hedging 27 (17,071) − − − (17,071) (17,071)
Secured bank loans 26 − − − (143,773) (143,773) (143,773)
Unsecured bank loans 26 − − − (20,662) (20,662) (20,662)
Hire purchase and finance
lease liabilities 26 − − − (2,676) (2,676) (2,676)
Trade and other payables 30 − − − (512,194) (512,194) (512,194)
Bank overdrafts 21 − − − (225,050) (225,050) (225,050)
(19,489) − − (904,355) (923,844) (923,844)