71
ANNUAL REPORT 2014
NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
19 Financial instruments (Continued)
Fair value hierarchy (Continued)
Level 1
Level 2
Level 3
Total
$
$
$
$
Group
2013
Financial instrument carried at fair value:
Other investment:
- Unquoted equity securities
–
– 3,750,000 3,750,000
Financial instruments which are not carried
at fair value but for which fair values are
disclosed:
Loans and borrowings**
– 15,517,708
– 15,517,708
Finance lease liabilities
– 2,627,557
– 2,627,557
– 18,145,265
– 18,145,265
Company
2014
Financial instruments carried at fair value:
Other investments:
- Unquoted equity securities
–
– 3,750,000 3,750,000
- Zero-coupon convertible bonds
–
– 2,148,240 2,148,240
–
– 5,898,240 5,898,240
Financial instrument which is not carried
at fair value but for which fair value is
disclosed:
Convertible loan notes
– 3,750,000
– 3,750,000
2013
Financial instrument carried
at fair value:
Other investments:
- Unquoted equity securities
–
– 3,750,000 3,750,000
Financial instrument which is not carried
at fair value but for which fair value is
disclosed:
Convertible loan notes
– 3,725,909
– 3,725,909
*
Excludes financial assets and financial liabilities whose carrying amounts measured on the amortised cost basis approximate
their fair values due to their short-term nature and where the effect of
discounting is immaterial
**
Exclude finance lease liabilities
