NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ( CONTINUED )
4 . FAIR VALUE OF INSTRUMENTS
The following table summarises fair value measurements recognised in the statement of financial position or disclosed in the group ’ s financial statements by class of asset or liability and categorised by level according to the significance of inputs used in making the measurements :
CARRYING AMOUNT
TOTAL R ’ m
QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL INSTRUMENTS
LEVEL 1 R ’ m
SIGNIFICANT OTHER
OBSERVABLE INPUTS LEVEL 2
R ’ m
SIGNIFICANT
UNOBSERVABLE INPUTS LEVEL 3
R ’ m
31 October 2022 ( Unaudited ): Total assets 3 620 3 592 24 4 Total liabilities ( 3 674 ) ( 3 674 ) - -
30 April 2022 ( Audited ): Total assets 845 770 71 4 Total liabilities ( 152 ) ( 152 ) - -
31 October 2021 ( Unaudited ): Total assets 468 442 23 3 Total liabilities ( 280 ) ( 280 ) - -
Accounts receivable , loans receivable , loans payable , lease liabilities and deferred government grants at amortised cost approximate the fair value .
During the period there was a significant increase in commodity financing as well as grain commodities measured at fair value as a result of increased on-balance sheet financing .
5 . EVENTS AFTER THE REPORTING PERIOD The directors are not aware of any material event which occurred after the reporting period and up to the date of this report .
6 . CHANGES IN ACCOUNTING STANDARDS Since the last reported financial statements , namely the annual financial statements for the year ended 30 April 2022 , there were no significant new standards evaluated and implemented in the financial statements of the group .
AGRIBEL UNAUDITED INTERIM RESULTS OCTOBER 2022 9