NOTES TO THE FINANCIAL STATEMENTS (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)
The Group
Recurring fair value measurement
Financial assets:
Available-for-sale securities:
- Listed
Recurring fair value measurement
Financial assets:
Available-for-sale securities:
- Listed
Fair value measurements as at 31 December 2014 categorised into
Fair value at
31 December
2014
HK$'000
Level 1
HK$'000
Level 2
HK$'000
Level 3
HK$'000
521,165
521,165
Fair value measurements as at 31 December 2013 categorised into
Fair value at
31 December
2013
HK$'000
Level 1
HK$'000
Level 2
HK$'000
Level 3
HK$'000
400,743
400,743
During the years ended 31 December 2013 and 2014, 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.
102
Hong Kong Ferry (Holdings) Company Limited Annual Report 2014