Page 163 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2018 年報

Notes to the Financial Statements 財務報表附註

5. Financial risk management objectives and 5. 財務風險管理目標及政策€ᚃ

policies (continued)
(d) Financial assets and liabilities measured at fair (d) 財務資產及負債按公允價࠽
value 計量
Fair value hierarchy 公允價࠽等級

The following table presents the fair value of the Housing ɨڌяΐܲ຾੬׌ਿ๟׵ഐၑ
Society’s financial assets and liabilities measured at the end of ˚ί࠰ಥৌਕజѓ๟ۆୋɤɧ
the reporting period on a recurring basis, categorised into the ໮ — ʮʪᄆ࠽ࠇඎהޢ֛ɨʘ
three-level fair value hierarchy as defined in HKFRS 13 Fair value ɧࡈʮʪᄆ࠽ഃॴʕd˸ʮʪ
measurement. The level into which a fair value measurement is ᄆ࠽ࠇඎג܊՘ึʘৌਕ༟ପ
classified is determined with reference to the observability and ʿࠋවfʮʪᄆ࠽ࠇඎ஗ᓥᗳ
significance of the inputs used in the valuation technique as ഃॴʘᆽ֛dɗਞ๫ɨΐίП
follows: ࠽˙جʕԴ͜፩ɝᅰኽʘ̙ᝈ
࿀׌ʿࠠࠅ׌j

— Level 1 valuations: Fair value measured using only Level — ୋɓॴП࠽j̥Դ͜ୋɓ
1 inputs, i.e. unadjusted quoted prices in active markets ॴ፩ɝᅰኽࠇඎՉʮʪᄆ
for identical assets or liabilities at the measurement date. ࠽dу׵ࠇඎ˚˸޴Ν༟
ପʿࠋවίݺᚔ̹ఙʘ͊
຾ሜ዆జᄆf

— Level 2 valuations: Fair value measured using Level 2 — ୋɚॴП࠽jԴ͜ୋɚॴ
inputs, i.e. observable inputs which fail to meet Level 1, ፩ɝᅰኽࠇඎՉʮ ʪ ᄆ
and not using significant unobservable inputs. ࠽dу͊ঐୌΥୋɓॴʘ
Unobservable inputs are inputs for which market data ̙ᝈ࿀፩ɝᅰኽʿʔԴ͜
are not available. ࠠɽʔ̙ᝈ࿀፩ɝᅰኽf
ʔ̙ᝈ࿀፩ɝᅰኽɗ̹ఙ
ᅰኽ͊ঐ౤Զʘ፩ɝᅰ
ኽf

— Level 3 valuations: Fair value measured using significant — ୋɧॴП࠽j˸፩ɝࠠɽ
unobservable inputs. ʔ̙ᝈ࿀ᅰኽ˸ࠇඎʮʪ
ᄆ࠽f

香港房屋協會2017/18年度年報 161