NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
148
THE STRAITS TRADING COMPANY LIMITED
43.
FAIR VALUE OF ASSETS AND LIABILITIES (CONT’D)
D.
Level 3 fair value measurements (cont’d)
ii)
Movements in Level 3 assets and liabilities measured at fair value
The following table presents the reconciliation for all assets and liabilities measured at fair value based on
significant unobservable inputs (Level 3):
Group
2015
$’000
Fair value measurement using significant
unobservable inputs (Level 3)
Land and
buildings
Investment
properties
Non-
current
assets held
for sale
At 1 January
17,312
399,763
42,317
Total gains or losses for the period
1,702
(4,819)
–
Depreciation
(269)
–
–
Additions
3
216,777
–
Disposal
–
–
(42,317)
Reclassification
–
(17,771)
17,771
Sale of a subsidiary
–
(53,778)
–
Reclassify from non-current assets
–
74,491
–
Exchange adjustment
(2,244)
(8,653)
–
At 31 December
16,504
606,010
17,771
Total gains or losses for the period included in
Other comprehensive income:
– Net surplus on revaluation of land and buildings
1,702
–
–
