Annual Report 2014
61
19 Financial instruments (continued)
Measurement of fair values (continued)
(ii) Level 3 fair values
The following table shows a reconciliation from the opening balance to the ending balance for
Level 3 fair values:
Group
Company
$’000
$’000
At 1 January 2014 (restated)
44,421
43,829
Investments
29,641
29,641
Repayment of loan
(592)
(592)
Total unrealised gains recognised in profit or loss:
- net change in fair value of investments at fair value
through profit or loss
2,679
3,271
Total losses for the period included in other comprehensive income
- net change in fair value of available-for-sale investments
(15,336)
(15,336)
At 31 December 2014
60,813
60,813
There were no transfers between Level 1, 2 and 3 during the year ended 31 December 2014.
20 Net finance income
Group
2014
2013
$’000
$’000
Restated
Finance income
Interest income on fixed deposits
111
106
Finance cost
Interest expense on financial liabilities measured at amortised cost
(81)
–
Net foreign exchange (loss)/gain
(2)
14
(83)
14
Net finance income recognised in profit or loss
28
120
The above finance income and finance cost include the
following interest income and expense in respect of
assets (liabilities) not at fair value through profit or loss:
- Total interest income on financial assets
111
106
- Total interest expense on financial liabilities
(81)
–
