UOBKH/AR09 [web] - ChartNexus

● the fair value of other financial assets and financial liabilities (excluding derivative instruments) are determined in accordance with
generally accepted pricing models based on discounted cash flow analysis using prices from observable current market transactions
and dealer quotes for similar instruments. In some instances, the fair value of the unquoted equity securities is estimated by reference
to the net asset value of the company as at the end of the reporting period. The net asset value of the non-listed company approximates
its fair value as it comprises mainly financial assets through profit or loss and monetary assets; and
● the fair value of derivative instruments are calculated using quoted prices. Where such prices are not available, discounted cash flow
analysis is used, based on the applicable yield curve of the duration of the instruments for non-optional derivatives, and option
pricing models for optional derivatives.
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 (i.e. as prices) or
indirectly (i.e. 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
Group
Total Level 1 Level 2 Level 3
$ $ $ $
Financial Assets
2009
Financial assets at fair value through profit or loss:
– Held for trading investments 26,234,003 26,234,003 – –
– Derivative financial instruments
Financial assets, available-for-sale:
7,791 7,791 – –
– Fund investments 4,642,076 – 4,642,076 –
– Quoted equities 8,232,024 8,232,024 – –
– Unquoted equities 80,918 – – 80,918
Total 39,196,812 34,473,818 4,642,076 80,918
Total Level 1 Level 2 Level 3
$ $ $ $
Financial Liabilities
2009
Financial liabilities at fair value through profit or loss 5,600 5,600 – –
Derivative financial instruments 8,363 8,363 – –
Total 13,963 13,963 – –
Company
The company had no financial assets or liabilities carried at fair value in 2009.
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