Page 56 - 2009_2010_Annual_Report

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Saskatchewan Indian Gaming Authority
NOTES TO THE FINANCIAL STATEMENTS
|
Year Ended March 31, 2010
54
20. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONTINUED)
FAIR VALUE HIERARCHY
The following table presents the financial instruments recorded at fair value in the balance sheet, classified using the fair value
hierarchy described in Note 3:
Total financial
assets and
financial
liabilities at
Level 1
Level 2
Level 3
fair value
Financial assets
Cash
$ 23,501,601
$
$
$ 23,501,601
Short-term investments
33,820,206
33,820,206
Total financial assets
$ 57,321,807
$
$
$ 57,321,807
Financial liabilities
Interest rate swap liability
$
$ 5,492,969
$
$ 5,492,969
Total financial liabilities
$
$ 5,492,969
$
$ 5,492,969
During the year, there has been no significant transfer of amounts between Level 1 and Level 2.
21. COMPARATIVE FIGURES
Certain of the prior year’s balances have been reclassified to conform with the current year’s presentation.