Creating a new energy future – a bold vision
19. Fair values continued
Description of signif icant unobservable inputs
The table below summarises the signif icant level 3 unobservable inputs used by the group in measuring fair values and related sensitivity analyses.
SENSITIVITY OF VALUATION TO CHANGES IN INPUTS
SIGNIFICANT UNOBSERVABLE INPUTS RANGE AND ESTIMATES
VALUATION IMPACT $M
VALUATION IMPACT $M
2021
LOW
HIGH
Investment in private equity
Forecast cashflows
$-1.3 million to $11.7 million
-10.0%
-$1.1
10.0%
+$1.1
Discount rate
9.2%
-1.0% -1.0% -1.0%
+$2.2 -$1.0 +$4.6
1.0% 1.0% 1.0%
-$1.7 +$1.3 -$4.2
Terminal growth rate 1.5%
Contingent consideration
Discount rate
8.0%
Future raw gas volume 254 PJ
- 2PJ per annum
-$10.3 + 2PJ per annum - $8.6 + USD $50/ tonne - $4.0 + USD $7/ barrel
+$10.2
LPG pricing
USD $525/tonne long-term USD $70/barrel long-term
- USD $50/ tonne - USD $7/ barrel
+$8.6
Oil pricing
+$4.0
SENSITIVITY OF VALUATION TO CHANGES IN INPUTS
SIGNIFICANT UNOBSERVABLE INPUTS RANGE AND ESTIMATES
VALUATION IMPACT $M
VALUATION IMPACT $M
2020
LOW
HIGH
Investment in private equity
Forecast cashflows
$-3.6 million to $13.8 million
-10.0%
-$1.2
10.0%
+$1.2
Discount rate
9.8%
-1.0% -1.0% -1.0%
+$2.5
1.0% 1.0% 1.0%
-$1.9 +$1.4 -$4.0
Terminal growth rate 2.0%
-$1.1
Contingent consideration
Discount rate
8.0%
+$4.3
Future raw gas volume 210 PJ
- 2PJ per annum
-$10.3 + 2PJ per annum - $8.1 + USD $50/ tonne - $3.0 + USD $6/ barrel
+$10.3
LPG pricing
USD $520/tonne long-term USD $60/barrel long-term
- USD $50/ tonne - USD $6/ barrel
+$8.1
Oil pricing
+ $3.0
75
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