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, other than quoted prices included within level 1, that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – 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.

US$'000	Level		Audited  Year ended  28 February  2023	Audited  Year ended  28 February  2022
Financial assets
Financial assets at amortised cost
Gross trade accounts receivable			1 536 212	1 250 584
Less: Expected credit loss allowances			(27 742)	(26 760)
Bonds			4 677	7 276
Loans granted to third parties and other long-term assets due			87 059	54 661
Finance lease receivables			20 981	30 451
Sundry receivables			46 269	29 999
Cash resources			584 683	453 926
Financial assets at fair value through profit or loss
Derivative financial assets	2		5 080	2 153
			2 257 219	1 802 290
Financial liabilities
Financial liabilities at amortised cost
Trade payables			1 515 478	1 113 072
Other payables and other financial liabilities			297 666	223 751
Other non-current liabilities			68 944	–
Long-term interest-bearing liabilities*			62 774	81 769
Lease liabilities*			72 417	94 393
Short-term interest-bearing liabilities			359 712	241 288
Bank overdrafts			196 362	166 559
Financial liabilities at fair value through profit or loss
Acquisition-related liabilities	3		3 864	4 095
Derivative financial liabilities	2		8 802	2 052
			2 586 019	1 926 979

*	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.