Notes to the financial statements
Year ended 31 March 2016
32 Classification and fair value of financial instruments (continued)
Interest rates used in determining fair values
The interest rates used to discount the estimated cash flows were as follows:
Group and Trust
2016
2015
%
%
Finance lease receivables
2.18
2.47
Trade and other payables
2.05
1.21
Security deposits
1.39
1.67
Medium term notes
1.02 – 3.10
1.00 – 3.29
Level 3 fair values
The following table shows reconciliation from the beginning balance to the ending balance for fair value measurement
in Level 3 of the fair value hierarchy:
Investment
in debt
securities
Group and Trust
$’000
2015
At 1 April 2014
194,574
Change in fair value (unrealised) recognised in Statement of Total Return
(16,574)
Redemption
(178,000)
At 31 March 2015
–
.210
A-REIT ANNUAL REPORT
2015/2016
