24.5 FAIR VALUE
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.
FAIR VALUE AS AT 30 APRIL 2020
CARRYING
AMOUNT
QUOTED PRICES
IN ACTIVE
MARKETS
FOR IDENTICAL
INSTRUMENTS
OTHER
SIGNIFICANT
OBSERVABLE
INPUTS
SIGNIFICANT
UNOBSER-
VABLE INPUTS
TOTAL
LEVEL 1
LEVEL 2
LEVEL 3
Recurring measurements
NOTES
R’m
R’m
R’m
R’m
Assets
Grain commodities 10 62 62 - -
Inventory held to satisfy firm sales 12 105 - 105 -
Investment in financial assets at fair
value through other comprehensive
income
Investment in RealFin Collective
Investment Scheme
7.1.1 2 - - 2
8.2 31 - 31 -
Forward purchase contracts 20.1 53 53 - -
Safex futures 20.1 33 33 - -
Investment in Senwes (company) 6.1 1 057 1 057 - -
Total assets 1 343 1 205 136 2
Liabilities
Commodity finance 7.2.2 41 41 - -
Forward purchase contracts 20.2 69 69 - -
Foreign exchange contract 20.2 3 3 - -
Total liabilities 113 113 - -
Accounts receivable, loans receivable and loans payable at amortised cost approximate the fair value.
69
SENWESBEL ANNUAL FINANCIAL STATEMENTS 2020 Senwesbel Limited Reg no: 1996/017629/06