Page 104 - Bradken Annual Report 2013_Page flip

Basic HTML Version

Notes to the Consolidated Financial Statements
30 June 2013
68 BRADKEN LIMITED ANNUAL REPORT 2013
Notes to the consolidated financial statements
30 June 2013
(continued)
19 Borrowings (continued)
(f) Fair value
The carrying amounts and fair values of interest bearing liabilities at balance date are:
Carrying
amount
Fair
value
Carrying
amount
Fair
value
$'000
$'000
$'000
$'000
On balance sheet
Non traded financial liabilities
Bank overdrafts
667
667
173
173
Bank loans
291,824
294,147
341,187
346,016
US private placement
218,675
223,025
196,541
201,256
Other loans
975
975
1,029
1,029
Lease liabilities
11,891
11,891
11,041
11,041
524,032
530,705
549,971
559,515
(i)
On balance sheet
(ii) Off balance sheet
The fair value of interest bearing liabilities is based upon market prices where a market exists or by discounting the expected
future cash flows by the current interest rates for liabilities with similar risk profiles.
Fair value is inclusive of costs which would be incurred on settlement of a liability.
2013
2012
The parent entity and certain controlled entities have potential financial liabilities which may arise from certain contingencies
disclosed in note 27. As explained in those notes, no material losses are anticipated in respect of any of those contingencies.
Page 68
Bradken Limited