NewWorld Development Company Limited
FINANCIAL SECTION
136
4 FINANCIAL RISK MANAGEMENT AND FAIR VALUE ESTIMATION
(continued)
(e) Fair value estimation
(continued)
(ii) (continued)
The following table presents the Group’s financial instruments that are measured at fair value at 30 June
2014:
Level 1
Level 2
Level 3
Total
HK$m
HK$m
HK$m
HK$m
Available-for-sale financial assets
1,849.3
57.2
2,822.9
4,729.4
Financial assets at fair value
through profit or loss
179.3
23.3
405.6
608.2
Derivative financial instruments
Derivative financial assets
–
25.8
58.8
84.6
2,028.6
106.3
3,287.3
5,422.2
Derivative financial instruments
Derivative financial liabilities
–
(829.0)
(35.6)
(864.6)
There was no significant transfer of financial assets between level 1 and level 2 fair value hierarchy
classifications.
The following table presents the changes in level 3 instruments for the year ended 30 June 2015:
Available-
for-sale
financial
assets
Financial
assets
at fair value
through profit
or loss
Derivative
financial
assets
Derivative
financial
liabilities
HK$m
HK$m
HK$m
HK$m
At 1 July 2014
2,822.9
405.6
58.8
(35.6)
Additions
861.0
317.5
–
–
Net gain recognised in the
consolidated statement of
comprehensive income/income
statement
284.9
123.9
–
5.5
Disposals
(236.0)
–
–
–
At 30 June 2015
3,732.8
847.0
58.8
(30.1)
