115
ANNUAL REPORT 2014/2015
25 AVAILABLE-FOR-SALE INVESTMENTS
The table below analyses financial instruments carried at fair value, by valuation method. The different levels
have been defined as follows:
•
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).
•
Level 3: inputs for the asset or liability that are not based on observable market data (unobservable
inputs).
THE GROUP
THE COMPANY
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Level 1
Quoted equity securities
347
384
347
384
Fair value gains/(losses) recognised in
other comprehensive income
59
(37)
59
(37)
406
347
406
347
The fair values of investments in equity securities are determined by reference to their quoted closing bid
price in an active market at the measurement date.
NOTES TO THE FINANCIAL STATEMENTS
