Page 217 - Hong Kong Housing Society Annual Report 2023/24

AUDITED FINANCIAL STATEMENTS 已審核財務報表
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 （續）
policies (continued)
(d) Financial assets and liabilities measured at (d) 財務資產及負債按公允價值
fair value (continued) 計量 （續）

Valuation techniques and inputs used in Level 1 第一級及第二級公允價值計量
and Level 2 fair value measurements 所使用之估值方法及數據
Investments whose values are based on quoted market 按活躍市場報價估值而劃歸為第
prices in active markets, and therefore classified 一級的投資，包括活躍上市股
within Level 1, include active listed equities, exchange 票、交易所買賣衍生工具、政府
traded derivatives, government treasury bills and 國庫債券及若干主權債務。
certain sovereign obligations.

Financial instruments that trade in markets that are 凡在不視為活躍市場內買賣但按
not considered to be active but are valued based on 市場報價、交易商報價或利用可
quoted market prices, dealer quotations or alternative 觀察數據的其他定價來源的財務
pricing sources supported by observable inputs are 工具都劃歸為第二級。該等工具
classified within Level 2. These include investment- 包括投資級別的企業債券、主權
grade corporate bonds, sovereign obligations and 債務及某些單位信託基金。由於
certain unit trusts. As Level 2 investments include 第二級投資包括並非於活躍市場
positions that are not traded in active markets and/ 買賣及/或須受轉讓限制的倉盤，
or are subject to transfer restrictions, valuations 估值可能予以調整以反映非流動
may be adjusted to reflect illiquidity and/or non- 性及/或不可轉讓性，其一般乃以
transferability, which are generally based on available 可得市場資料為依據。
market information.

The Level 3 includes financial instruments which 第三級包括按不可觀察數據估值
values are based on unobservable inputs. These are 之財務工具，主要為單位信託。
mostly unit trusts. Their net asset values are provided 該等資產淨值由各自之管理人所
by respective administrators of the unit trust. 提供。

Hong Kong Housing Society Annual Report 2023/24 香港房屋協會 2023/24 年度年報 215