IGO Interactive Annual Report 2019

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2019 Notes to the consolidated financial statements 30 June 2019 (continued) 21 Financial risk management (continued) (c) Liquidity risk (continued) Maturities of financial liabilities The following table details the Group’s remaining contractual maturity for its non-derivative financial liabilities. The tables are based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Group can be required to pay. Contractual maturities of financial liabilities Less than 6 months 6 - 12 months Between 1 and 5 years Total contractual cash flows Carrying amount $'000 $'000 $'000 $'000 $'000 At 30 June 2019 Trade and other payables 49,902 - - 49,902 49,902 Bank loans* 29,100 29,900 28,842 87,842 84,589 79,002 29,900 28,842 137,744 134,491 At 30 June 2018 Trade and other payables 56,586 - - 56,586 56,586 Bank loans* 29,652 31,544 88,163 149,359 140,815 86,238 31,544 88,163 205,945 197,401 * Includes estimated interest payments. (d) Recognised fair value measurements (i) Fair value hierarchy The fair value of financial assets and liabilities must be estimated for recognition and measurement or for disclosure purposes. AASB 13 Fair Value Measurement requires disclosure of fair value measurements by level of the following fair value measurement hierarchy: (a) quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1); (b) inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices) (level 2); and (c) inputs for the asset or liability that are not based on observable market data (unobservable inputs) (level 3). The following table presents the Group’s assets and liabilities measured and recognised at fair value at 30 June 2019 and 30 June 2018 on a recurring basis. Level 1 $'000 Level 2 $'000 Level 3 $'000 Total $'000 At 30 June 2019 Financial assets Listed investments 27,531 - - 27,531 Derivative instruments Diesel hedging contracts - 484 - 484 27,531 484 - 28,015 Independence Group NL 45 IGO ANNUAL REPORT 2019 — 107