134
Baker Technology LimitedAnnual Report 2014
28.
Fair valueof financial instruments (cont’d)
B.
Fair valueof financial instruments that are carried at fair value (cont’d)
Fair valuehierarchy
TheGroupcategories fair valuemeasurement usinga fair valuehierarchy that isdependenton the
valuation inputs used as follows:
-
Level 1 -Quotedprices (unadjusted) inactivemarket for identical assets or liabilities that
theGroup can access at themeasurement date,
-
Level 2 - Inputs other than quoted prices included within Level 1 that are observable for
theasset or liability, eitherdirectly (i.e., asprices) or indirectly (i.e., derived fromprices) and
-
Level 3 - Unobservable inputs for the asset or liability.
Fairvaluemeasurements thatuse inputsofdifferenthierarchy levelsarecategorised in itsentirety in the
same levelofthefairvaluehierarchyasthe lowest level inputthat issignificanttotheentiremeasurement.
Determinationof fair value
Quoted equity instruments: Fair value is determined directly by reference to their published
market bidprice at balance sheet date.
C.
Fair value of financial instruments that are not carried at fair value and whose carrying
amounts are not reasonable approximationof fair value
Group andCompany
2014
2013
$
$
Non-current:
Available-for-sale financial assets
- Equity securities (unquoted)
589,355
339,012
Theseequity instruments arenot quotedonanymarket anddonot haveany comparable industry
peer that is listed.
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31December 2014
