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Fair value measurements (Tables)
6 Months Ended
Jun. 30, 2017
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, 2017 and December 31, 2016:
 
 
Level 1
 
Level 2
 
Level 3
 
Total
June 30, 2017
 
$’000
 
$’000
 
$’000
 
$’000
 
 
 
 
 
 
 
 
 
Assets at fair value:
 
 

 
 
 
 
 
 
Derivative financial instruments
 

 

 

 

 
 
 
 
 
 
 
 
 
Total assets
 

 

 

 

 
 
 
 
 
 
 
 
 
Liabilities at fair value:
 
 

 
 
 
 

 
 
Derivative financial instruments
 

 
(2,388
)
 

 
(2,388
)
 
 
 
 
 
 
 
 
 
Total net liabilities
 

 
(2,388
)
 

 
(2,388
)

 
 
Level 1
 
Level 2
 
Level 3
 
Total
December 31, 2016
 
$’000
 
$’000
 
$’000
 
$’000
 
 
 
 
 
 
 
 
 
Assets at fair value:
 
 

 
 
 
 
 
 
Derivative financial instruments
 

 

 

 

 
 
 
 
 
 
 
 
 
Total assets
 

 

 

 

 
 
 
 
 
 
 
 
 
Liabilities at fair value:
 
 

 
 

 
 

 
 
Derivative financial instruments
 

 
(3,364
)
 

 
(3,364
)
 
 
 
 
 
 
 
 
 
Total net liabilities
 

 
(3,364
)
 

 
(3,364
)
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, 2017 and December 31, 2016 were as follows:
 
 
 
June 30, 2017
 
December 31, 2016
 
 
 
Carrying
amounts
$’000
 
Fair value
$’000
 
Carrying
amounts
$’000
 
Fair value
$’000
 
 
 
 
 
 
 
 
 
 
Total long-term debt, before deduction of discount on secured term loan and debt issuance costs, excluding obligations under capital leases
Level 2
 
657,549

 
658,666

 
602,083

 
626,613



The estimated fair values of Belmond’s non-financial assets measured at fair value on a non-recurring basis for the six months ended June 30, 2017.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value measurement inputs
 
 
 
 
Fair value
 
Level 1
 
Level 2
 
Level 3
 
Total losses in the six months ended June 30, 2017
 
 
$’000
 
$’000
 
$’000
 
$’000
 
$’000
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment
 
5,955

 

 

 
5,955

 
(8,216
)