47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 169
Strategic Report
Corporate Governance
Accounts
Group and Company
Fair value hierarchies 1 to 3 are based on the degree to which fair value is observable:
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices)
Level 3: inputs for the asset or liability that are not based on observable market data
The fair value of financial instruments that are not traded in an active market (e.g. over-the-counter derivatives) is determined by using valuation techniques. These valuation
techniques maximise the use of observable market data where it is available and rely as little as possible on entity specific estimates. The fair value of the forward foreign
exchange contracts is determined using forward exchange rates at the date of the statement of financial position, with the resulting value discounted accordingly as relevant.
The following tables show the carrying amounts and fair values of financial assets and financial liabilities. It does not include fair value information for financial assets and
financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.
Carrying amount
Group
At 25 January 2025
Financial assets – Current
Foreign exchange contracts used for hedging
Trade receivables
Short-term investments
Cash and cash equivalents
Financial liabilities – Non-current
Foreign exchange contracts used for hedging
Lease liabilities
Financial liabilities – Current
Foreign exchange contracts used for hedging
Lease liabilities
Accruals
Trade payables
Fair value –
hedging
instruments
£m
Other financial
assets at
amortised cost
£m
Other financial
liabilities at
amortised cost
£m
Total
£m
0.2
–
–
–
–
73.3
42.5
21.4
–
–
–
–
0.2
73.3
42.5
21.4
0.2
137.2
–
137.4
0.1
–
–
–
–
2.8
0.1
2.8
0.1
–
2.8
2.9
0.3
–
–
–
–
–
–
–
–
1.8
36.8
32.4
0.3
1.8
36.8
32.4
0.3
–
71.0
71.3
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