Bradken Limited Annual Report 2015 - page 107

BRADKEN LIMITED ANNUAL REPORT 2015 l 72
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Notes to the consolidated financial statements
30 June 2015
(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
188
188
-
-
Bank loans
349,574
316,238
299,027
302,277
US private placement
258,507
201,841
209,140
213,032
Redeemable convertiible preference shares
63,700
65,800
-
-
Other loans
870
870
1,014
1,014
Lease liabilities
16,417
16,417
12,472
12,472
689,256
601,354
521,653
528,795
(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.
2015
2014
1...,97,98,99,100,101,102,103,104,105,106 108,109,110,111,112,113,114,115,116,117,...131
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