35. Fair value of assets and liabilities (cont’d)
(a) Fair value hierarchy (cont’d)
Level 3:
Unobservable inputs for the asset or liability
Fair value measurements that use inputs of different hierarchy levels are categorised
in its entirety in the same level of the fair value hierarchy as the lowest level input
that is significant to the entire measurement.
(b) Assets and liabilities measured at fair value
The following table shows an analysis of each class of assets and liabilities measured
at fair value at the end of the reporting period:
Group
2015
$’000
Fair value measurements at the end of the
reporting period using
Quoted prices
in active
markets for
identical
instruments
(Level 1)
Significant
observable
inputs other
than quoted
prices
(Level 2)
Significant
unobservable
inputs
(Level 3)
Total
Financial assets
Derivatives
- Forward currency
contracts (Note 12)
–
542
–
542
Financial assets as
at 30 June 2015
–
542
–
542
Financial liabilities
Derivatives
- Interest rate
swap (Note 12)
–
(873)
–
(873)
Financial liabilities as
at 30 June 2015
–
(873)
–
(873)
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
159
