Entire Document - Chris Hani District Municipality

Level 2:-Fair Values are calculated using valuation techniques based on observable inputs,either directly (i.e. as prices) or indirectly (i.e. derived from prices). This categoryincludes instruments valued using quoted market prices in active markets for similarinstruments, quoted prices for identical or similar instruments in markets that areconsidered less than active, or other valuation techniques where all significant inputsare directly or indirectly observable from market data.CHRIS HANI DISTRICT MUNICIPALITY ANNUAL REPORT 2011 / 2012Level 3:-Fair Values are based on valuation techniques using significant unobservable inputs.This category includes all instruments where the valuation technique includes inputsnot based on observable data and the unobservable inputs have a significant effecton the instrument’s valuation. Also, this category includes instruments that are valuedbased on quoted prices for similar instruments where significant unobservableadjustments or assumptions are required to reflect differences between theinstruments.30 June 20122012 2011RRLevel 1 Level 2 Level 3 TotalR R R RFINANCIAL ASSETSFinancial Instruments at Fair Value:Call Deposits - 67 729 647 - 67 729 647Bank Balances and Cash - 230 224 396 - 230 224 396Total Financial Assets - 297 954 043 - 297 954 043FINANCIAL LIABILITIESFinancial Instruments at Fair Value:Annuity Loans - 4 424 076 - 4 424 076Total Financial Liabilities - 4 424 076 - 4 424 076Total Financial Instruments - 293 529 967 - 293 529 967194