Old Chang Kee Ltd - Annual Report 2016 - page 121

119
A N N U A L R E P O R T 2 0 1 6
For the Financial Year Ended 31 March 2016
NOTES TO THE
FINANCIAL STATEMENTS
32. Fair value of assets and liabilities
(a) Fair value hierarchy
The Group categories fair value measurements using a fair value hierarchy that is dependent on the valuation inputs used as follows:
l Level 1 – Quoted prices (unadjusted) in active market for identical assets or liabilities that the Group can access at the
measurement date,
l Level 2 – Inputs other that quoted prices included within Level 1 that are observable for the asset or liability, either directly or
indirectly, and
l 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
2016
Fair value measurements at the end of the reporting period using
Quoted prices in
active markets
for identical
instruments
Significant other
observable
inputs
Significant
unobservable
inputs Total
(Level 1) (Level 2) (Level 3)
$’000 $’000 $’000 $’000
Non-financial assets:
Property, plant and equipment (Note 11)
- Freehold land – – 841 841
- Buildings – – 12,886 12,886
At 31 March 2016 – – 13,727 13,727