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38. Fair value hierarchy and financial instruments by category
continued
Company
continued
Recurring fair value measurements
Liabilities
Liabilities
measured
at amortised
cost
R000
Liabilities
designated at
fair value
through
profit
and loss
R000
Level 1
R000
Level 2
R000
Level 3
R000
30 June 2015
Loans – non-current
3 726 838
– current
1 533 128
Derivative instruments
(1)
24 320
24 320
Payables
359 831
30 June 2014
Debentures and debenture premium
5 730 187
Loans – non-current
3 792 566
– current
2 013 031
Derivative instruments
(1)
39 811
39 811
Payables
335 626
(1)
Refer to note 19 for revaluation techniques and key inputs
The directors consider that the carrying amounts of financial assets and liabilities recognised at amortised cost in the consolidated
financial statements approximate their fair values. There have been no changes in valuation methodologies during the year.
There have been no significant transfers between level 1, level 2 and level 3 during the year.
The fair value gain (in respect of investment property and all other financial assets) included in profit and loss is R2,4 billion
(2014: R1,5 billion) for the group and R2,4 billion (2014: R1,5 billion) for the company.
147
Hyprop Investments Limited
Integrated Report 2015