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Fair value measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured on a recurring basis
The following tables summarize the valuation of Belmond’s financial instruments recorded at fair value by the fair value hierarchy at June 30, 2015 and December 31, 2014:
 
 
Level 1
 
Level 2
 
Level 3
 
Total
June 30, 2015
 
$’000
 
$’000
 
$’000
 
$’000
 
 
 
 
 
 
 
 
 
Assets at fair value:
 
 

 
 
 
 
 
 
Derivative financial instruments
 

 
4

 

 
4

 
 
 
 
 
 
 
 
 
Total assets
 

 
4

 

 
4

 
 
 
 
 
 
 
 
 
Liabilities at fair value:
 
 

 
 
 
 

 
 
Derivative financial instruments
 

 
(4,084
)
 

 
(4,084
)
 
 
 
 
 
 
 
 
 
Total net liabilities
 

 
(4,080
)
 

 
(4,080
)

 
 
Level 1
 
Level 2
 
Level 3
 
Total
December 31, 2014
 
$’000
 
$’000
 
$’000
 
$’000
 
 
 
 
 
 
 
 
 
Assets at fair value:
 
 

 
 
 
 
 
 
Derivative financial instruments
 

 
13

 

 
13

 
 
 
 
 
 
 
 
 
Total assets
 

 
13

 

 
13

 
 
 
 
 
 
 
 
 
Liabilities at fair value:
 
 

 
 

 
 

 
 
Derivative financial instruments
 

 
(3,602
)
 

 
(3,602
)
 
 
 
 
 
 
 
 
 
Total net liabilities
 

 
(3,589
)
 

 
(3,589
)
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 Belmond's long-term debt as of June 30, 2015 and December 31, 2014 were as follows:
 
 
 
June 30, 2015
 
December 31, 2014
 
 
 
Carrying
amounts
$’000
 
Fair value
$’000
 
Carrying
amounts
$’000
 
Fair value
$’000
 
 
 
 
 
 
 
 
 
 
Loans from banks and other parties (see Note 9)
Level 3
 
603,333

 
663,845

 
620,106

 
663,653


Schedule of estimated fair values of non-recurring financial assets measured on a non-recurring basis
The estimated fair values of Belmond’s non-financial assets measured on a non-recurring basis for the six months ended June 30, 2015 were as follows:
 
 
 
 
Fair value measurement inputs
 
 
 
 
Fair value
$’000
 
Level 1
$’000
 
Level 2
$’000
 
Level 3
$’000
 
Total losses in the six months ended June 30, 2015
 
 
$’000
 
$’000
 
$’000
 
$’000
 
$’000
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 

 

 

 

 
(5,698
)