ASCENDAS india trust ANNUAL REPORT 2014/15
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
For the financial year ended 31 March 2015
28.
Accounting classifications and fair value (continued)
(b)
Fair value hierarchy
The Group categories fair value measurements using a fair value hierarchy that is dependent on the valuation inputs
used as follows:
(i)
Level 1 – Quoted prices (unadjusted) in active market for identical assets or liabilities that the Group 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.
(c)
Fair value measurements
(i)
Assets and liabilities measured at fair value
The following table shows an analysis of each class of assets and liabilities measured at fair value at the end
of the reporting period:
Significant
Observable
Inputs Other
Than Quoted
Prices
Significant
Unobservable
Inputs
Group
(Level 2)
(Level 3)
Total
$’000
$’000
$’000
2015
Recurring Fair Value Measurements
Assets
Financial assets:
Derivative financial instruments
– Currency forwards
6
–
6
– Currency swaps
7,598
–
7,598
– Interest rate swaps
139
–
139
Investment in available-for-sale financial assets
–
50,505
50,505
Total financial assets
7,743
50,505
58,248
Non-Financial Assets:
Investment properties
–
979,247
979,247
Investment properties under construction
–
32,628
32,628
Total non-financial assets
–
1,011,875
1,011,875
Liabilities
Financial liabilities:
Derivative financial instruments
– Currency forwards
659
–
659
– Currency swaps
4,662
–
4,662
– Interest rate swaps
54
–
54
Total financial liabilities
5,375
–
5,375
