The table below sets out the Group's classification of each class of financial instrument, at their fair values. The carrying amounts of these financial instruments approximates their fair values, therefore no fair value disclosures are provided. The different fair value levels are described below.

• Level 1 – inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date;
• Level 2 – inputs are inputs, other than quoted prices included within level 1, that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – inputs are inputs for the asset or liability that are not based on observable market data (unobservable inputs).

In estimating the fair value of an asset or liability, the Group uses market-observable data to the extent it is available. Where level 1 inputs are not available, the Group engages qualified third-party valuers to perform the valuation.

USD'000	Level	Audited  Year ended  28 February  2022	Audited  Year ended  28 February  2021
FINANCIAL ASSETS
Financial assets at amortised cost
Gross trade accounts receivable		1 250 584	1 135 017
Less: Expected credit loss allowances		(26 760)	(26 912)
Bonds		7 276	7 276
Loans granted to third parties and other long-term assets due		54 661	7 976
Finance lease receivables		30 451	39 242
Sundry receivables		29 999	45 467
Cash resources		453 926	488 632
Financial assets at fair value through profit or loss
Derivative financial assets	2	2 153	4 378
		1 802 290	1 701 076
FINANCIAL LIABILITIES
Financial liabilities at amortised cost
Trade payables		1 113 072	993 067
Other payables and other financial liabilities		223 751	224 396
Long-term interest-bearing liabilities*		81 769	76 682
Lease liabilities*		94 393	114 245
Short-term interest-bearing liabilities		241 288	227 149
Bank overdrafts		166 559	131 417
Financial liabilities at fair value through profit or loss
Acquisition-related liabilities	3	4 095	2 620
Derivative financial liabilities	2	2 052	1 046
		1 926 979	1 770 622

*	Includes current portion of long-term liabilities.

There were no transfers between level 1 and level 2 during the period for recurring fair value measurements.

Acquisition-related liabilities represent purchase considerations owing in respect of acquisitions. The purchase considerations are to be settled with the vendors in cash or shares on achievement of agreed performance criteria. The amounts owing are interest free. Acquisition-related liabilities are classified as financial liabilities designated at fair value through profit or loss except where the option portion is fixed in which case they are classified as financial liabilities at amortised cost. They are classified as level 3 financial instruments, whose fair value measurements are derived from inputs that are unobservable for the liabilities. Movements are presented in the statement of comprehensive income as
acquisition-related fair value adjustments.