Page 177 - ar2012

17. Financial risk management objectives and policies (continued)
(e) Fair value measurements
The Company classifes fair value measurements using a fair value hierarchy that refects the signifcance of the
inputs used in making the measurements. The fair value hierarchy has the following levels:
(i) Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1);
(ii) Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly or indirectly (Level 2); and
(iii) Inputs for the asset or liability that are not based on observable market data (unobservable inputs) (Level 3).
The following table presents the assets and liabilities measured at fair value at 31 March.
Level 1 Level 2 Level 3 Total
$’000 $’000 $’000 $’000
Assets
2012
Available-for-sale fnancial assets 15,587 - - 15,587
2011
Available-for-sale fnancial assets 14,057 - - 14,057
The Company has no derivative fnancial instruments at 31 March 2012.
The carrying value of current trade and other receivables and payables approximate their fair values due to their
short-term nature.
18. Authorisation of financial statements
These fnancial statements for the year ended 31 March 2012 were authorised for issue in accordance with a resolution
of the directors on 27 April 2012.
Notes to the fnancial statements
For the fnancial year ended 31 March 2012
A-ITRUST ANNUAL REPORT 2011/2012 175