122
CORDLIFE GROUP LIMITED
| ANNUAL REPORT 2015
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
37.
FAIR VALUE OF ASSETS AND LIABILITIES
(CONTINUED)
(b)
Assets and liabilities measured at fair value
(Continued)
Fair value measurements at the end of the
reporting period using
Quoted prices
in active
markets for
identical
instruments
Significant
observable
inputs other
than quoted
prices
Significant
un-observable
inputs
Total
(Level 1)
(Level 2)
(Level 3)
$’000
$’000
$’000
$’000
Company
2014
Recurring fair value
measurements
Assets
Financial assets:
Financial asset designated at fair
value through profit or loss
– Quoted equity investment
(Note 15)
50,494
–
–
50,494
Financial assets as at
30 June 2014
50,494
988
–
51,482
Non-financial asset:
Investment properties
– Commercial properties (Note 13)
–
4,830
–
4,830
Non-financial asset as at
30 June 2014
–
4,830
–
4,830
(c)
Level 2 fair value measurements
The following is a description of the valuation techniques and inputs used in the fair value measurement
for assets and liabilities that are categorised within level 2 of the fair value hierarchy:
Short term investments
Short term investments are valued using present value calculations that incorporate short term interest
rate yields.
Commercial investment properties
The valuation of commercial investment properties is based on comparable market transactions that
consider sales of similar properties that have been transacted in the open market.
