9.  FINANCIAL INSTRUMENTS (CONTINUED):  (v)   The fair value of convertible unsecured subordinated debentures was based upon market quotes for the identical  instruments.The fair value of the conversion option has been marked-to-market using a model with various inputs. (vi) Refer to note 18 for finance lease obligations.  The following tables provide a comparison of carrying and fair values for each classification of financial instruments at  year-end, and show a level within the fair values hierarchy in which they have been classified. The following describes the fair value determinations of financial instruments (continued): 74 Rogers Sugar Inc. September 28, 2013 September 29, 2012 Fair  values Carrying Fair Carrying Fair hierarchy  level  values  values values values $ $ $ $ Financial assets: At fair value through profit  or loss: Derivatives (See below) 561 561 15 15 Loans and receivables: Cash and cash equivalents Level 1  3,204 3,204 27,895 27,895 Trade and other receivables  n/a 50,126 50,126 51,071 51,071 Income taxes recoverable n/a 663 663 760 760 Total financial assets  54,554 54,554 79,741 79,741 Financial liabilities: At fair value through profit  or loss: Derivatives  (See below) 4,293 4,293 10,205 10,205 Other financial liabilities: Revolving credit facility  n/a 75,000 75,000 60,000 60,000 Trade and other payables n/a 37,659 37,659 46,795 46,795 Income taxes payable  n/a  1,304 1,304 2,824 2,824 Finance lease obligations  n/a 46 48 115 122 Convertible unsecured subordinated debentures  Level 1  105,857 114,500 104,988 118,030 Total financial liabilities  224,159 232,804 224,927 237,976 Notes to CoNsolidated FiNaNCial statemeNts (In thousands of dollars except as noted and per share amounts) Fair values of financial instruments (continued):