19. Categories of Financial Instruments
The carrying amounts of financial assets and financial liabilities in each of the NZ IAS 39 categories are as follows:
| Carrying amount 2008 Actual $000 |
Fair value 2008 Actual $000 |
Note | Carrying amount 2009 Actual $000 |
Fair value 2009 Actual $000 |
|
|---|---|---|---|---|---|
| Loans and receivables | |||||
| 299 | 299 | Cash and cash equivalents | 1,830 | 1,830 | |
| 9,770 | 9,770 | Trade and other receivables | 7 | 7,227 | 7,227 |
| 10,069 | 10,069 | Total loans and receivables | 9,057 | 9,057 | |
| Financial liabilities measured at amortised cost | |||||
| 15,339 | 15,339 | Trade and other payables | 11 | 8,448 | 8,448 |
Estimation of fair values analysis
The following summarises the major methods and assumptions used in estimating the fair values of financial instruments reflected in the table.
Trade & other receivables/payables
For receivables/payables with a remaining life of less than one year, the notional amount is deemed to reflect the fair value. All other receivables/payables are discounted to determine the fair value.
