33.
FAIR VALUE OF ASSETS AND LIABILITIES (CONTINUED)
(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 2015 and 2014 but for which fair value is disclosed:
Group
2015
$’000
Quoted prices
in active
markets for
identical assets
Significant
unobservable
inputs
Carrying
amount
(Level 1)
(Level 3)
Assets
Investment in associate (BRC)
29,923
–
49,028
Liabilities
Obligations under finance leases
–
607
624
Bank borrowings
–
6,556
6,817
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
Determination of fair value
Obligations under finance leases: Fair value is estimated by discounting expected future cash
flows at market incremental lending rate for similar types of leasing arrangements at the
balance sheet date.
116
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
