62
JUMBO GROUP LIMITED
Notes to the Combined
Financial Statements
As at 30 September 2015
4
FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (cont’d)
(vi)
Fair value of financial assets and financial liabilities
The carrying amounts of financial assets and financial liabilities approximate their respective fair values due to the
relatively short-term maturity of these financial instruments.
The Group classifies fair value measurements using a fair value hierarchy that reflects the significance of the inputs
used in making the measurements. The fair value hierarchy has the following levels:
(a)
quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1);
(b)
inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (ie as prices) or indirectly (ie derived from prices) (Level 2); and
(c)
inputs for the asset or liability that are not based on observable market data (unobservable inputs) (Level 3).
Financial instruments measured at fair value
Total
Level 1
Level 2
Level 3
Cost
$
$
$
$
$
Group
Financial assets
2015
Available-for-sale investment
(Note a)
75,000
–
–
–
75,000
Financial assets at fair value
through profit or loss
(comprising short-term
investments)
-Quoted equity shares
329,202
329,202
–
–
–
2014
Available-for-sale investment
(Note a)
75,000
–
–
–
75,000
Financial assets at fair value
through profit or loss
(comprising short-term
investments)
-Quoted equity shares
3,390,814 3,390,814
–
–
–
Note a
Investment in equity instruments that do not have a quoted market price in an active market and whose fair value cannot be reliably
measured are measured at cost less impairment loss.
