NVFH 2020 Integrated Annual Report

NVest Financial Holdings Limited and its subsidiaries | (Registration number 2008/015990/06)
Annual Financial Statements for the year ended 29 February 2020
Notes to the Annual Financial Statements [continued]
Group
Company
Figures in Rand Notes 2020 2019 2020 2019
34. Fair value information
Fair value hierarchy
The table below analyses assets and liabilities carried at fair value. The different levels are defined as follows:
Level 1: Quoted unadjusted prices in active markets for identical assets or liabilities that the group can access at measurement
date.
Level 2: Inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or
indirectly.
Level 3: Unobservable inputs for the asset or liability.
Levels of fair value measurements
Level 1
Recurring fair value measurements
Assets
Financial assets mandatorily at fair value through
profit or loss
Notes(s)
15
Listed shares 4,751,669 3,462,174 - -
Total 4,751,669 3,462,174 - -
Level 2
Recurring fair value measurements
Assets
Financial assets mandatorily at fair value through
profit or loss
Notes(s)
15
Unit trusts 31,788,012 33,252,935 25,138,979 25,138,979
Total 31,788,012 33,252,935 25,138,979 25,138,979
Level 3
Recurring fair value measurements
Assets
Notes(s)
Investment property 6
Investment property
(refer note 6 for detailed valuation technique)
279,921,574 314,655,686 - -
Property, plant and equipment 4
Buildings
65,136,185 39,548,866 - -
(refer note 6 for detailed valuation technique)
Total 345,057,759 354,204,552 - -
Valuation techniques used to derive level 2 fair values
Unit trusts
These are valued with reference to the statements received from the relevant financial institution. These values are determined
with reference to the value of the investments in these funds. No changes have been made to the valuation technique.
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NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020