Jupiter Annual Report 2010 - Jupiter Asset Management

Financial statements – continuation | Notes to the financial statements
18. Financial instruments continued
Group
The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments:
Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities.
Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly.
Level 3: techniques which use inputs which have a significant effect on the recorded fair value that are based on unobservable market data.
As at 31 December 2009, the Group held the following financial instruments measured at fair value.
As at 31 December 2009
Level 1
£m
Level 2
£m
Level 3
£m
Total
£m
Financial assets
Financial assets at fair value through profit or loss
Quoted investments 23.3 – – 23.3
Unquoted investments – – – –
Investment in associates
Quoted investments 26.4 – – 26.4
Unquoted investments – 1.2 – 1.2
Available for sale investments
Unquoted investments – – 13.2 13.2
Total financial assets 49.7 1.2 13.2 64.1
Financial liabilities
Interest rate swaps – 8.7 – 8.7
Total financial liabilities – 8.7 – 8.7
Annual Report & Accounts 2010 81 Jupiter Fund Management plc