89
$’000
$’000
$’000
Co-operative
2012
Available-for-sale investments:
- Quoted unit trust
331,294 331,294
-
- Quoted equity
74,749
74,749
-
- Quoted bonds
177,437 177,437
-
Total
583,480 583,480
-
There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the financial year.
The Group and Co-operative have no financial liabilities carried at fair value and no financial instruments measured at
fair value based on Level 2 as at March 31, 2013.
The fair value of the unquoted equity investments included within level 3 was estimated based on the Group’s share
of the net asset values of the investee company, which approximates their fair values as at March 31, 2013.
Financial instruments measured at fair value based on level 3
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
4. FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL ASSETS MANAGEMENT (cont’d)
TOTAL
LEVEL 1 LEVEL 3
Available-for-sale
financial assets
representing, total
unquoted equities
Group
Co-operative
$’000
$’000
At April 1, 2011
94,650
80,931
Sale
(80,931)
(80,931)
Gains in other comprehensive income
3,823
-
At March 31, 2012
17,542
-
Gains in other comprehensive income
656
-
At March 31, 2013
18,198
-
(vi) Fair value of financial assets and financial liabilities (Cont’d)
