28 CLASSIFICATION OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES
 

The categorisation of each class of financial asset and liability in terms of IAS 39: Financial Instruments: Recognition and Measurement is included below:

      Available-
for-sale
investments
R'000		 Loans and
receivables
R'000		 Liabilities
at amortised
cost
R'000		 Total
carrying
value
R'000		  
2018              
Financial assets      
Listed and unlisted investments     269 571 – 269 571  
Long-term loan     – 6 000 6 000  
Trade and other receivables     – 1 222 327 1 222 327  
Cash resources     – 8 449 797   8 449 797  
    269 571 9 678 124   9 947 695  
Financial liabilities      
Trade and other payables     2 039 587 2 039 587  
Overdrafts         584 472 584 472  
        2 624 059 2 624 0559  

The classification of financial assets and liabilities is included below:

      Available-
for-sale
investments
R'000		 Loans and
receivables
R'000		 Liabilities
at amortised
cost
R'000		 Total
carrying
value
R'000		  
2017              
Financial assets      
Listed and unlisted investments     253 474 –   253 474  
Trade and other receivables     – 1 104 332   1 104 332  
Cash resources     – 5 626 778   5 626 778  
      253 474 6 731 110   6 984 584  
Financial liabilities              
Trade and other payables         1 500 487 1 500 487  
Overdrafts         579 719 579 719  
          2 080 206 2 080 206  

Determination of fair values

Available-for-sale instruments are valued using quoted market prices. The values of other investments and forward exchange contracts are determined using directly observable inputs. The carrying amounts of all other financial assets and liabilities approximate their fair values.

Fair value hierarchy

The group uses the following hierarchy for determining and disclosing the fair value inputs of financial instruments:
Level 1: quoted prices in an active market that are unadjusted for identical assets or liabilities;
Level 2: valuation techniques using inputs, which are directly or indirectly observable; and
Level 3: valuations based on data that is not observable (not applicable to the group).

The values of all other instruments recognised, but not subsequently measured at fair value, approximate fair value. The following assets, all measured at level 1, were required to be recorded at fair value:
        2018
R'000		       2017
R’000		  
  Recurring fair value measurements                
  Assets measured at fair value     262 003       229 376  
  Available-for-sale listed investments     7 568       24 098  
  Available-for-sale unlisted investments     269 571       253 474