Old Chang Kee Ltd - Annual Report 2016 - page 125

123
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 (cont’d)
(e) Assets and liabilities not carried at fair value but for which fair value is disclosed
The following table shows an analysis of the Group’s assets and liabilities not measured at fair value at 31 March 2016 but for which
fair value is disclosed:
Group
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
Carrying
amount
(Level 1) (Level 2) (Level 3)
$’000 $’000 $’000 $’000 $’000
2016
Financial Assets:
Long term deposits – – 1,695 1,695 1,748
Financial Liabilities:
Finance lease liabilities – – 375 375 389
2015
Financial Assets:
Long term deposits – – 1,725 1,725 1,772
Financial Liabilities:
Finance lease liabilities – – 447 447 499
The fair values as disclosed in the table above are estimated by discounting expected future cash flows at market incremental lending
rate for similar types of lending, borrowing or leasing arrangements at the end of the reporting period.