Fair values of financial INSTRUMENTS

FOR THE YEAR ENDED 30 JUNE 2018

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The group uses the following hierarchy for determining and disclosing the fair value inputs of financial instruments:

Level 1 – quoted prices in an active market that are unadjusted for identical assets or liabilities;

Level 2 – valuation techniques using inputs, which are directly or indirectly observable; and

Level 3 – valuations based on data that is not observable (not applicable to the group).

The values of all other financial instruments recognised, but not subsequently measured at fair value, approximate fair value.

R’000     30 June 2018
Reviewed
Level 1
      30 June 2017
Audited
Level 1
   
Assets measured at fair value                   
Available-for-sale investments     262 003       229 376     
Other investments     7 568       24 098    
      269 571       253 474    

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