AUB Group Limited Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023

19 FINANCIAL INSTRUMENTS (CONTINUED)

c) Fair Values of recognised assets and liabilities (continued)

The carrying value of most of the Group’s financial assets and financial liabilities approximate their fair value due to their short term nature. Presented below are the between the book value and fair value of the Group’s financial assets and liabilities: 2023 Level 1 $’000 Level 2 $’000 Level 3 $’000 Carrying value $’000 Fair Value $’000

Financial Assets measured at fair value Financial Assets; Foreign Exchange Forward Contract Asset Total Financial Assets measured at fair value Financial Assets not measured at fair value Cash and cash equivalents

– –

23,534 23,534

– –

23,534 23,534

23,534 23,534

260,352 936,369

– – –

– 260,352 – 936,369

260,352 936,369

Cash and cash equivalents - Trust

Deferred Acquisition Costs Financial Assets; Other Financial Assets

–

13,822

13,822

13,822

–

18,075 18,075

–

18,075

18,075

1,196,721

13,822 1,228,618 1,228,618

Total Financial Assets not measured at fair value

Financial Liabilities not measured at fair value Contingent or deferred consideration payables

– – – –

– 193,060

193,060 10,540 11,781 58,697

193,617 10,540 10,228

Actuarial Liability

– – –

10,540 11,781 58,697

Put Options

Financial Liability at amortised cost Interest-bearing loans and borrowings

71,139

– 584,230

– 584,230

584,230

Total Financial Liabilities not measured at fair value

– 584,230

274,078

858,308

869,754

2022

Carrying Value $’000

Level 1 $’000

Level 2 $’000

Level 3 $’000

Fair Value $’000

Financial Assets measured at fair value Other Financial Assets; Foreign Exchange Forward Contract Asset Total Financial Assets measured at fair value Financial Assets not measured at fair value Cash and cash equivalents

– – –

– – –

– – –

– – –

– – –

259,329 333,131

– – –

– 259,329 – 333,131

259,329 333,131

Cash and cash equivalents - Trust

Deferred Acquisition Costs Financial Assets; Other Financial Assets

–

–

–

–

–

11,082 11,082

–

11,082

11,082

592,460

603,542

603,542

Total Financial Assets not measured at fair value

Financial Liabilities not measured at fair value Contingent of deferred consideration payables

– – – – –

– – – –

17,576 5,252

17,576 5,252

17,576 5,252

Actuarial Liability

Put Options

8,161

8,161

7,954

Financial Liability at amortised cost Interest-bearing loans and borrowings

51,861

51,861 47,802

62,608 47,802

47,802

–

Total Financial Liabilities not measured at fair value

–

47,802

82,850

130,652

141,192

There were no transfers between Level 1 and Level 2 of the fair value hierarchy for the current or prior period. No level 3 financial instrument is measured at fair value on a recurring basis.

AUB GROUP ANNUAL REPORT 2023

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