| |
| |
Fair value
level |
|
2018
US$’000 |
|
2017
US$’000 |
|
| 30 September 2018 |
|
|
|
|
|
|
| Financial assets measured at fair value |
|
|
|
|
|
|
| Investments in equity instruments |
Level 1 |
|
40 |
|
49 |
|
| Forward exchange contracts |
Level 2 |
|
804 |
|
– |
|
| Investments in money markets, current accounts, cash funds and income funds |
Level 2 |
|
5 012 |
|
3 767 |
|
| Option to acquire shares in Salene Chrome Zimbabwe (Private) Limited |
Level 3 |
|
142 |
|
– |
|
| Trade and other receivables measured at fair value |
|
|
|
|
|
|
| PGM receivable |
Level 2 |
|
25 355 |
|
17 254 |
|
| Financial liabilities measured at fair value |
|
|
|
|
|
|
| Discount facility |
Level 2 |
|
1 000 |
|
449 |
|
| Forward exchange contracts |
Level 2 |
|
– |
|
150 |
|
| Financial assets at amortised cost |
|
|
|
|
|
|
| Long-term deposits |
|
|
– |
|
4 505 |
|
| Trade and other receivables |
|
|
38 645 |
|
55 602 |
|
| Contract assets |
|
|
2 229 |
|
– |
|
| Cash and cash equivalents |
|
|
66 791 |
|
49 742 |
|
| Financial liabilities at amortised cost |
|
|
|
|
|
|
| Borrowings |
|
|
77 419 |
|
49 401 |
|
| Contract liabilities |
|
|
2 229 |
|
– |
|
| Trade and other payables |
|
|
18 363 |
|
19 708 |
|
There were no transfers between level 1 and level 2 fair value measurements during the year.
The Group considers that the fair values of the financial assets and financial liabilities approximate their carrying values at each
reporting date.
Fair value hierarchy
All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy, based on
the lowest level input that is significant to the fair value measurement as a whole, as follows:
Level 1 |
— |
fair values measured using quoted prices (unadjusted) in active markets for identical financial instruments (highest
level). |
Level 2 |
— |
fair values measured using quoted prices in active markets for similar financial instruments, or using valuation
methodologies in which all significant inputs are directly or indirectly on observable market data. |
Level 3 |
— |
fair values measured using valuation methodologies in which any significant inputs are not based on observable
market data. |
|