26
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
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 measurements
Fair value measurements as at 31 December 2016 categorised into
Fair value at
31 December
2016
HK$'000
Level 1
HK$'000
Level 2
HK$'000
Level 3
HK$'000
Financial assets:
Available-for-sale securities:
- Listed
661,542
661,542
Financial assets designated at
fair value through profit or loss
20,000
20,000
Recurring fair value measurement
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
During the year ended 31 December 2016, there were no transfers between Level 1 and Level 2, or transfers into or out of Level 3 (2015: 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 Annual Report 2016
133
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