NOTES TO THE FINANCIAL STATEMENTS
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 2014
Interest rate swaps
–
287
–
287
31 December 2013
Interest rate swaps
–
227
–
227
Interest rate swap
–
(1,161)
–
(1,161)
–
(934)
–
(934)
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 2014
Fixed rate notes
–
– 179,466 179,466
31 December 2013
Fixed rate notes
–
– 49,991
49,991
Trust
31 December 2014
Loan from subsidiary
–
– 179,466 179,466
31 December 2013
Loan from subsidiary
–
– 49,991
49,991
* 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.
CAMBRIDGE INDUSTRIAL TRUST | ANNUAL REPORT 2014
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