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The following table presents the assets and liabilities

measured at fair value at 31 March.

The Company has no derivative fnancial instruments as

at 31 March 2014.

The carrying value of current trade and other receivables

and payables approximate their fair values due to their

short-term nature.

18.Authorisation of financial

statements

These fnancial statements for the year ended 31 March

2014 were authorised for issue in accordance with a

resolution of the directors on 24 April 2014.

d) Capital risk

The Company’s objectives when managing capital

are to safeguard the Company’s ability to continue as

a going concern and to maintain an optimal capital

structure so as to maximise shareholder value. In

order to maintain or achieve an optimal capital

structure, the Company may adjust the amount of

dividend payment, return capital to shareholder,

issue new shares, obtain new borrowings or sell

assets to reduce borrowings.

Management monitors capital based on the debt

equity ratio, which is calculated as total external

borrowings divided by total equity. As at balance

sheet date, the Company does not have any

external borrowings.

e) Fair value measurements

The Company classifes its fair value measurement

of assets and liabilities using a fair value hierarchy

that is dependent on the valuation inputs used as

follows:

i) Level 1 - Quoted prices (unadjusted) in active

markets for identical assets or liabilities that the

Company can access at the measurement date;

ii) Level 2 - Inputs other than quoted prices

included within Level 1 that are observable for

the asset or liability, either directly or indirectly;

and

iii) Level 3 – Unobservable inputs for the asset

or liability.

Fair value measurements that use inputs of

different hierarchy levels are categorised in its

entirely in the same level of the fair value hierarchy

as the lowest level input that is signifcant to the

entire measurement.

There have been no transfers between Level 1 and

Level 2 fair value measurements during the fnancial

years ended 2014 and 2013.

Level 1 Level 2

Level 3

Total

$’000

Assets

2014

Financial assets

Available-for-sale

fnancial assets

Quoted equity

securities

21,042

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