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SEE HUP SENG LIMITED
Annual Report 2012
95
Notes to the Financial Statements
31 DECEMBER 2012
36 Financial Instruments (Continued)
(b) Fair Values (Continued)
Fair value measurements recognised in the statement of financial position
The following table provides an analysis of financial instruments that are measured subsequent to initial
recognition at fair value, grouped into Levels 1 to 3 based on the degree to which the fair value is
observable:
• Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active
markets for identical assets or liabilities;
• Level 2 fair value measurements are those derived from 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); and
• Level 3 fair value measurements are those derived from valuation techniques that include inputs
for the asset or liability that are not based on observable market data (unobservable inputs).
2012
Level 1 Level 2 Level 3 Total
Available-for-sale financial assets
Unquoted equities – – 7,624 7,624
Total – – 7,624 7,624
2011
Level 1 Level 2 Level 3 Total
Available-for-sale financial assets
Unquoted equities – – 317 317
Total – – 317 317
There were no financial assets measured as Level 1 and Level 2.
Reconciliation of Level 3 fair value measurements of financial assets:
Available for
Sale
Unquoted
equities
2012
S$’000
Opening balance 317
Additions 7,322
Fair value adjustments (15)
Closing balance 7,624