NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
150
THE STRAITS TRADING COMPANY LIMITED
43.
FAIR VALUE OF ASSETS AND LIABILITIES (CONT’D)
E.
Assets and liabilities not carried at fair value but for which fair value is disclosed
The following tables show an analysis of the assets and liabilities not measured at fair value at 31 December 2015
but for which fair value is disclosed:
Group
2015
$’000
Fair value measurements at the end of the reporting period using
Quoted prices
in active
markets for
identical
instruments
Significant
observable
inputs other
than quoted
prices
Significant
unobservable
inputs
Total
Carrying
Amount
(Level 1)
(Level 2)
(Level 3)
Assets
Associates
235,566
–
– 235,566 339,396
Liabilities
Fixed rate bank loans
–
–
217,921
217,921
219,415
Group
2014
$’000
Fair value measurements at the end of the reporting period using
Quoted prices
in active
markets for
identical
instruments
Significant
observable
inputs other
than quoted
prices
Significant
unobservable
inputs
Total
Carrying
Amount
(Level 1)
(Level 2)
(Level 3)
Assets
Associates
288,830
–
– 288,830 305,042
Liabilities
Fixed rate bank loans
–
–
221,558 221,558 219,030
Determination of fair value
Associates
The fair value as disclosed in the table above is the price on the last trading day in the Singapore Exchange Securities
Trading Limited (SGX-ST).
Fixed rate bank loans
The fair value as disclosed in the table above is estimated based on the present value of future cash flows, discounted
at the market rate of interest for similar types of lending or borrowings at the end of the reporting period.
