116
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
for the financial year ended 31 December 2014
33.
FAIR VALUE OF ASSETS AND LIABILITIES (CONT’D)
Fair value hierarchy (cont’d)
(a)
Assets and liabilities measured at fair value (cont’d)
Group
2013
$’000
Quoted prices
in active
markets for
identical
instruments
Significant
observable
inputs other
than quoted
prices
Total
(Level 1)
(Level 2)
Recurring fair value measurements
Assets
Financial assets:
Investment held for trading
– Equity instruments (quoted)
53
–
53
Derivative financial instruments
– Forward currency contracts
–
44
44
As at 31 December 2013
53
44
97
(b)
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 December 2014 and 2013 but for which fair value is disclosed:
Group
2014
$’000
Quoted prices
in active
markets for
identical assets
Significant
unobservable
inputs
Carrying
amount
(Level 1)
(Level 3)
Assets
Investment in associate (BRC)
36,667
–
49,428
Liabilities
Obligations under finance leases
–
63
67
Bank borrowings
–
12,229
12,712
