Cordlife Group Limited
Annual Report 2016
111
Notes to
The Financial Statements
for the financial year ended 30 June 2016
38. Fair value of assets and liabilities
(a)
Fair value hierarchy
The Group classifies fair value measurement using a fair value hierarchy that reflects the significance of
the inputs used in making the measurements. The fair value hierarchy has the following levels:
Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities
Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or
liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices), and
Level 3 – Inputs for the asset or liability that are not based on observable market data (unobservable
inputs)
(b)
Assets and liabilities measured at fair value
The following table shows an analysis of financial instruments measured at fair value at the end of the
reporting period:
Fair value measurements at the end
of the reporting period using
Quoted prices
Significant
in active
observable
markets for
inputs other
Significant
identical
than quoted un-observable
instruments
prices
inputs
Total
(Level 1)
(Level 2)
(Level 3)
$’000
$’000
$’000
$’000
Group
2016
Recurring fair value measurements
Assets
Financial assets:
Held for trading investments
- Unquoted debt investments (Note 22)
Financial assets as at 30 June 2016
–
–
14,970
14,970
–
–
14,970
14,970
Non-financial asset:
Investment properties
- Commercial properties (Note 13)
Non-financial asset as at 30 June 2016
–
–
9,152
9,152
–
–
9,152
9,152
