Page 244 - Sigmaroc Annual-Report 2023

SIGMAROC ANNUAL REPORT 2023 FINANCIAL REPORT
Notes to the financial statements
33. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES MEASURED AT AMORTISED COSTS
The following table shows the carrying amounts and fair values of the financial assets and liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.
Items where the carrying amount equates to the fair value are categorised to three levels:
• Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.
• Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
• Level 3 inputs are unobservable inputs for the asset or liability.
Items which are categorised as Level 2 financial assets and liabilities are forward exchange contracts and these are valued using the year end exchange rate for the relevant currencies.
Fair value
Carrying Amount
Forward exchange contracts
Electricity hedges
Fair value – Hedging instruments £’000
Fair value through P&L £’000
Fair value through OCI £’000
Financial asset at amortised cost £’000
Other financial liabilities £’000
Total £’000
Level 1 £’000
Level 2 £’000
Total £’000
-
122
580
-
-
702
-
702
702
-
-
3,995
-
-
3,995
3,995
-
3,995
Financials assets not measured at fair value
Trade and other receivables (excl. Derivatives)
Cash and cash equivalents
Financial liabilities measured at fair value
Forward exchange contracts
Electricity hedges
Financial liabilities not measured at fair value
Loans
Finance lease liability
Trade and other payables (excl. derivative)
-
-
-
102,432
-
102,432
-
-
-
-
-
-
55,872
-
55,872
-
-
-
-
1,253
590
-
-
1,843
-
1,843
1,843
-
-
3,250
-
-
3,250
3,250
-
3,250
210,786
210,786
27,510
27,510
166,406
166,406