Fair value measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured on a recurring basis

The following tables summarize the valuation of OEH’s financial instruments recorded at fair value by the fair value hierarchy at March 31, 2014 and December 31, 2013:

	Level 1	Level 2		Level 3	Total
March 31, 2014	$’000	$’000		$’000	$’000
Liabilities at fair value:
Derivative financial instruments	—	(825	)	—	(825	)
Total net liabilities	—	(825	)	—	(825	)

	Level 1	Level 2		Level 3	Total
December 31, 2013	$’000	$’000		$’000	$’000
Assets at fair value:
Derivative financial instruments	—	2		—	2
Total assets	—	2		—	2
Liabilities at fair value:
Derivative financial instruments	—	(4,890	)	—	(4,890	)
Total net liabilities	—	(4,888	)	—	(4,888	)

Schedule of estimated fair values of financial instruments (other than derivative financial instruments)

The estimated carrying values, fair values, and levels of the fair value hierarchy of OEH's long-term debt as of March 31, 2014 and December 31, 2013 were as follows:

		March 31, 2014		December 31, 2013
		Carrying amounts $’000	Fair value $’000	Carrying amounts $’000	Fair value $’000
Long-term debt, including current portion, excluding obligations under capital leases	Level 3	551,725	551,698	543,567	562,588
Long-term debt, including current portion, held by consolidated variable interest entities	Level 3	95,700	96,801	96,150	97,775

Schedule of estimated fair values of non-financial assets measured on non-recurring basis

The estimated fair value of OEH’s non-financial assets measured on a non-recurring basis for the three months endedMarch 31, 2013 was as follows:

		Fair value measurement inputs
	Fair value $’000	Level 1 $’000	Level 2 $’000	Level 3 $’000	Total losses in the three months ended March 31, 2013 $’000
Property, plant and equipment	45,000	—	—	45,000	(35,680	)