89
ANNUAL REPORT 2015/2016
Notes to Financial Statements
14
DERIVATIVE FINANCIAL INSTRUMENTS
THE GROUP
THE COMPANY
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Level 2
%FSJWBUJWF GJOBODJBM MJBCJMJUJFT BTTFUT
(1,986)
44
(337)
–
Derivative financial instruments comprise forward exchange contracts.
5IF GBJS WBMVFT PG EFSJWBUJWF GJOBODJBM JOTUSVNFOUT BSF EFUFSNJOFE CZ SFGFSFODF UP CSPLFS RVPUFT BU UIF
measurement date. The different levels have been defined as follows:
Ŕ
-FWFM
RVPUFE QSJDFT VOBEKVTUFE JO BDUJWF NBSLFUT GPS JEFOUJDBM BTTFUT PS MJBCJMJUJFT
Ŕ
-FWFM
JOQVUT PUIFS UIBO RVPUFE QSJDFT JODMVEFE XJUIJO -FWFM
UIBU BSF PCTFSWBCMF GPS UIF
asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
Ŕ
-FWFM
JOQVUT GPS UIF BTTFU PS MJBCJMJUZ UIBU BSF OPU CBTFE PO PCTFSWBCMF NBSLFU EBUB
(unobservable inputs).
