Annual Report 2024 2 3 2 NOTES TO THE FINANCIAL STATEMENTS 36 FAIR VALUE ASSETS AND LIABILITIES (CONTINUED) Accounting classifications and fair values (continued) Group Company Note 2024 2023 2024 2023 US$’000 US$’000 US$’000 US$’000 Financial assets measured at amortised cost Loans to a subsidiary 7 – – 79,023 93,937 Trade and other receivables* 10 67,830 43,189 10,019 10,753 Cash and cash equivalents 15 117,196 95,439 4,281 15,547 185,026 138,628 93,323 120,237 Financial assets measured at fair value Derivative financial instruments 13 297 – – – Quoted investments 14 12,976 18,600 12,901 18,599 13,273 18,600 12,901 18,599 Financial liabilities measured at amortised cost Loans and borrowings 19 142,083 101,109 – – Bank overdraft 19 – 4,000 – 4,000 Trade and other payables 23 55,438 52,475 23,763 44,315 197,521 157,584 23,763 48,315 Other financial liabilities Lease liabilities 21 1,792 1,098 220 503 * Excludes decommissioning receivables, prepayments and income tax receivables. 37 FINANCIAL INSTRUMENTS Financial risk management Overview The Group has exposure to the following risks arising from financial instruments: • credit risk; • liquidity risk; and • market risk.
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