Accounting classifications and fair values The carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy are as follows. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value. Carrying amount Fair value Note Amortised cost Other financial liabilities Total Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 Group 31 December 2023 Financial assets not measured at fair value Loans to joint ventures 7 314,021 – 314,021 Trade and other receivables(1) 9 288,775 – 288,775 Cash and cash equivalents 11 216,422 – 216,422 819,218 – 819,218 Financial liabilities not measured at fair value Loans and borrowings – Secured and unsecured bank loans 12 – (3,056,925) (3,056,925) – Medium term notes 12 – (77,709) (77,709) – (77,709) – (77,709) – Convertible bonds – liability component 12 – (18,759) (18,759) Trade and other payables(2) 14 – (865,611) (865,611) Security deposits 14 – (54,253) (54,253) – – (51,429) (51,429) – (4,073,257) (4,073,257) 31 December 2022 Financial assets not measured at fair value Loans to joint ventures 7 354,916 – 354,916 Trade and other receivables(1) 9 284,510 – 284,510 Cash and cash equivalents 11 94,770 – 94,770 734,196 – 734,196 Financial liabilities not measured at fair value Loans and borrowings – Secured and unsecured bank loans 12 – (3,223,735) (3,223,735) – Medium term notes 12 – (77,632) (77,632) – (77,632) – (77,632) – Convertible bonds – liability component 12 – (18,759) (18,759) Junior bonds 13 – (30,000) (30,000) – – (30,000) (30,000) Trade and other payables(2) 14 – (688,409) (688,409) Security deposits 14 – (69,416) (69,416) – – (67,728) (67,728) – (4,107,951) (4,107,951) Notes to the Financial Statements Year ended 31 December 2023 25 FINANCIAL INSTRUMENTS (continued) (1) Excludes prepayments (2) Excludes security deposit and advanced rental received 210 PERENNIAL HOLDINGS PRIVATE LIMITED
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