73 l BRADKEN LIMITED ANNUAL REPORT 2014
Notes to the consolidated financial statements
30 June 2014
(continued)
20 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
Bank loans
299,027
302,277
291,824
294,147
US private placement
209,140
213,032
218,675
223,025
Other loans
1,014
1,014
975
975
Lease liabilities
12,472
12,472
11,891
11,891
521,653
528,795
524,032
530,705
(i)
On balance sheet
(ii) Off balance sheet
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.
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.
2014
2013
Page 73
Bradken Limited
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
(CONTINUED)
1...,100,101,102,103,104,105,106,107,108,109 111,112,113,114,115,116,117,118,119,120,...136