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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
104 Independence Group NL
Notes to the consolidated financial statements
30 June 2016
(continued)
21 Financial risk management (continued)
(d) Recognised fair value measurements (continued)
(iv)
Fair value of other financial instruments
The Group also has a number of financial instruments which are not measured at fair value in the balance sheet. These
instruments had the following fair value at the reporting date.
Carrying
amount
$'000
Fair value
$'000
At 30 June 2016
Current assets
Cash and cash equivalents
46,264
46,264
46,264
46,264
Current liabilities
Bank loans
43,154
43,750
43,154
43,750
Non-current liabilities
Bank loans
222,672
227,250
222,672
227,250
Carrying
amount
$'000
Fair value
$'000
At 30 June 2015
Current assets
Cash and cash equivalents
121,296
121,296
121,296
121,296
Current liabilities
Lease liabilities
510
522
510
522
Independence Group NL
76