NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
24 FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL
INSTRUMENTS (Continued)
(e)
Fair value measurement (Continued)
(1)
Financial assets measured at fair value (Continued)
Fair value hierarchy (Continued)
Recurring fair value measurements
Fair value measurements as at
31 December 2015 categorised into
Fair value at
31 December
2015
HK$'000
Level 1
HK$'000
Level 2
HK$'000
Level 3
HK$'000
Financial assets:
Available-for-sale securities:
- Listed
827,680
827,680
Financial assets designated at
fair value through profit or loss
90,375
90,375
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
During the year ended 31 December 2015, there were no transfers between Level 1 and Level 2, or transfers into or out of Level 3 (2014: Nil). 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.
Hong Kong Ferry (Holdings) Company Limited
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Annual Report 2015
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