NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
43 FAIR VALUE OF ASSETS AND LIABILITIES
A.
Fair value hierarchy
The Group categories fair value measurements using a fair value hierarchy that is dependent on the valuation
inputs used as follows:
Level 1 – Quoted prices (unadjusted) in active market for identical assets or liabilities that the Group can access at
the measurement date,
Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly or indirectly, and
Level 3 – Unobservable inputs for the asset or liability.
Fair value measurements that use inputs of different hierarchy levels are categorised in its entirety in the same level
of the fair value hierarchy as the lowest level input that is significant to the entire measurement.
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THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
