Annual report and accounts 2023 - Flipbook - Page 172
A.G. BARR p.l.c. Annual Report and Accounts 2023
Notes to the Accounts continued
14. Financial instruments continued
The contingent consideration is carried at fair value and classified as level 3 fair value in the fair value hierarchy. The main unobservable input is whether or the profit targets
for the pay-out are expected to be met. The performance targets are expected to be met and the fair value of this contingent consideration earned was estimated to be
£0.8m at 29 January 2023. See also Note 24.
Carrying amount
Group
At 30 January 2022
Financial assets – Non-current
Loan receivable*
Loan receivable from associate
Financial assets – Current
Trade receivables
Cash and cash equivalents
Financial liabilities – Non-current
Put option
Lease liabilities
Financial liabilities – Current
Bank borrowings
Foreign exchange contracts used for hedging
Lease liabilities
Accruals
Trade payables
*
170
The loan receivable was provided in August 2021. The earliest repayment date is August 2023.
Fair value –
hedging
instruments
£m
Other financial
assets at
amortised cost
£m
Other financial
liabilities at fair
value through
profit and loss
£m
Other financial
liabilities at
amortised cost
£m
Total
£m
–
–
0.5
1.0
–
–
–
–
0.5
1.0
–
1.5
–
–
1.5
–
–
41.6
68.7
–
–
–
–
41.6
68.7
–
110.3
–
–
110.3
–
–
–
–
5.0
–
–
2.8
5.0
2.8
–
–
5.0
2.8
7.8
–
0.2
–
–
–
–
–
–
–
–
–
–
–
–
–
0.3
–
1.3
31.3
15.8
0.3
0.2
1.3
31.3
15.8
0.2
–
–
48.7
48.9
