Page 156 - HKCAAVQ AR 2018-19

Financial Report ৌਕజѓ

Notes to the Financial Statements (continued)
ৌਕజڌڝൗ€ᚃ

For the year ended 31 March 2019 ࿚Їɚཧɓɘϋɧ˜ɧɤɓ˚˟ϋܓ

21. Financial Instruments (continued) 21. ږፄʈՈ€ᚃ

Financial risk management objectives ৌਕࠬᎈ၍ଣͦᅺʿ݁ഄ
and policies (continued) €ᚃ

Fair value measurements of financial instruments ږፄʈՈٙʮʪᄆ࠽ࠇඎ

This note provides information about how the Council Ϥڝൗמᚣ͉҅νОᔾ֛΢ᗳږ
determines fair value of various financial assets. ፄ༟ପٙʮʪᄆ࠽f

(i) Fair value of the Council’s financial assets that are (i) ܲ຾੬׌ਿ๟˸ʮʪᄆ࠽ࠇ
measured at fair value on a recurring basis ඎ͉ٙ҅ږፄ༟ପj

As at 31 March 2018, the Council’s AFS investment was ׵ɚཧɓɞϋɧ˜ɧɤɓ
measured at fair value at the end of each reporting period. ˚d͉̙҅Զ̈ਯҳ༟ܲజ
The following table gives information about how the fair ѓಂ͋ʘʮʪᄆ࠽ࠇඎfɨ
value of this financial asset is determined (in particular, the ڌΐ༱νОᔾ֛Ϥږፄ༟ପ
valuation technique and input used). ٙʮʪᄆ࠽€ˈՉ݊Դٙ͜
П࠽˙جʿ፩ɝᅰኽf

Valuation technique
Fair value and key input
Financial assets Far value as at hierarchy П࠽˙جʿ
ږፄ༟ପ ʮʪᄆ࠽׵ ʮʪᄆ࠽ᄴॴ ˴ࠅ፩ɝᅰኽ
2019 2018
HK$ ಥ࿆ HK$ ಥ࿆

AFS equity instruments – 17,723,200 Level 1 Quoted bid price in an
̙Զ̈ਯᛆूʈՈ ୋɓᄴ active market
ݺᚔ̹ఙהజ൯ɝᄆ

There were no transfers into or out of Level 1. ୋɓᄴԨೌ΂О౬ɝʿᔷ
̈f

156 Hong Kong Council for Accreditation of Academic and Vocational Qualifications
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅