Report - Nikko AM Asia Limited

NIKKO AM SHENTON EIGHT PORTFOLIOS
(Constituted under a Trust Deed registered in the Republic of Singapore)
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2013
6. Financial risk management (continued)
(f)
Capital management
The sub-funds’ capital is represented by the net assets attributable to unitholders.
The sub-funds strive to invest the subscriptions of redeemable participating units
in investments that meet the sub-funds’ investment objectives while maintaining
sufficient liquidity to meet unitholder redemptions.
(g)
Fair value estimation
The Fund 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:
• Quoted prices (unadjusted) in active markets for identical assets or
liabilities (Level 1).
• Inputs other than quoted prices included within level 1 that are observable
for the asset or liability, either directly (that is, as prices) or indirectly (that
is, derived from prices) (Level 2).
• Inputs for the asset or liability that are not based on observable market
data (that is, unobservable inputs) (Level 3).
The following table analyses within the fair value hierarchy the sub-fund’s financial
assets and liabilities (by class) measured at fair value at 31 December 2013 and
2012:
Eight Portfolio A
As at 31 December 2013
Assets
Financial assets designated at
fair value through profit or loss
at inception:
Level 1
S$
Level 2
S$
Level 3
S$
Total
S$
- Quoted investment funds 3,215,074 - - 3,215,074
3,215,074 - - 3,215,074
Eight Portfolio A
As at 31 December 2012
Assets
Financial assets designated at
fair value through profit or loss
at inception:
Level 1
S$
Level 2
S$
Level 3
S$
Total
S$
- Quoted investment funds 3,507,073 - - 3,507,073
3,507,073 - - 3,507,073
41