INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Notes to the consolidated financial statements 30 June 2017 (continued) 21 Financial risk management (continued) (d) Recognised fair value measurements (continued) (iii) Valuation techniques used to determine level 2 and level 3 fair values (continued) All of the resulting fair value estimates are included in level 2 except for unlisted equity securities which are included in level 3. (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 2017 Current assets Cash and cash equivalents 35,763 35,763 35,763 35,763 Current liabilities Bank loans 56,226 57,142 56,226 57,142 Non-current liabilities Bank loans 140,815 142,858 140,815 142,858 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 Independence Group NL 76 106 — IGO ANNUAL REPORT 2017 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017