112
Hong Kong Ferry (Holdings) Company Limited Annual Report 2013
Notes to the Accounts (Continued)
24 FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL
INSTRUMENTS (Continued)
Fair value measurement (Continued)
(e)
(i)
Financial assets measured at fair value (Continued)
Fair value hierarchy (continued)
Recurring fair value measurement
Financial assets:
Available-for-sale securities:
- Listed
Fair value measurements as at 31 December 2012 categorised into
Fair value at
31 December
2012
HK$'000
Level 1
HK$'000
Level 2
HK$'000
Level 3
HK$'000
711,591
711,591
During the years ended 31 December 2012 and 2013, there were no transfers between Level 1 and Level 2, or transfers into or out of Level 3. The Group's policy is to recognise transfers between levels of fair value hierarchy as at the end of the reporting period in which they occur.