Annual Report 2012 - ecoWise Holdings Limited

ecoWise Holdings Limitedannual report 201212931 OCTOBER 2012NOTES TO THE FINANCIAL STATEMENTS32. FINANCIAL INSTRUMENTS: INFORMATION ON FINANCIAL RISKS32A. Classification of Financial Assets and LiabilitiesThe carrying amounts of financial assets and financial liabilities are as follows:GroupCompany2012 2011 2012 2011$’000 $’000 $’000 $’000Financial assetsLoans and receivables:Trade and other receivables (Note 21) 20,767 20,892 22,742 21,256Finance lease receivables (Note 22) 14,571 – – –Cash and cash equivalents (Note 24) 18,527 12,785 3,356 3,805Financial assets at fair value through profitor loss classified as held for trading:Quoted equity shares (Note 19) – 7 – –Available-for-sale financial assets:Unquoted equity shares (Note 19) 1,180 415 – –Derivative financial instruments at fairvalue (Note 31) 35 20 – –55,080 34,119 26,098 25,061Financial liabilitiesFinancial liabilities at amortised cost:Loans and borrowings (Note 27) 25,835 19,278 1,518 2,844Trade and other payables (Note 30) 13,021 11,668 1,104 1,894Derivative financial instruments at fair value (Note 31) 14 51 – –38,870 30,997 2,622 4,738Further quantitative disclosures are included throughout these financial statements.32B. Fair Values of Financial Instruments32B1. Fair value of financial instruments stated at amortised cost in the statements of financial positionThe carrying amounts of financial assets and liabilities at amortised cost are reasonable approximation oftheir fair values.