2017 | 2016 | ||||||
$M | $M | ||||||
Balance at January 1 | 2.8 | 2.9 | |||||
Payments made during year | (1.3 | ) | — | ||||
New deferred consideration | 0.3 | — | |||||
Gains recognized in profit or loss | (0.8 | ) | (0.1 | ) | |||
Balance at December 31 | 1.0 | 2.8 | |||||
Total gains for the period included in profit and loss for assets held at the end at December 31 | (0.8 | ) | (0.1 | ) | |||
Change in unrealized (gains) or losses for the period included in profit and loss for assets held at the end at December 31 | (0.8 | ) | (0.1 | ) | |||
December 31, 2017 | Level 1 | Level 2 | Level 3 | ||||||||||
$M | $M | $M | $M | ||||||||||
Net derivative financial (assets) / liabilities at fair value through profit or loss: | |||||||||||||
Forward foreign currency exchange rate contracts | 0.7 | — | 0.7 | — | |||||||||
LME derivative contracts | (1.2 | ) | — | (1.2 | ) | — | |||||||
Interest bearing loans and borrowings: | |||||||||||||
Loan Notes due 2018 | 15.3 | — | 15.3 | — | |||||||||
Loan Notes due 2021 | 25.2 | — | 25.2 | — | |||||||||
Loan Notes due 2023 | 26.6 | — | 26.6 | — | |||||||||
Loan Notes due 2026 | 27.1 | — | 27.1 | — | |||||||||
Revolving credit facility | 21.3 | — | 21.3 | — | |||||||||
Other financial liabilities: | |||||||||||||
Deferred contingent consideration | 0.7 | — | — | 0.7 | |||||||||
Deferred consideration | 0.3 | — | — | 0.3 | |||||||||