Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
HKFRS 13.91-93
(b)
Fair value measurement of properties 161
HKFRS 13.93(b)
(i)
Fair value hierarchy164
The following table presents the fair value of the group's properties measured at the end of the reporting
period on a recurring basis, categorised into the three-level fair value hierarchy as defined in HKFRS 13, Fair
value measurement. The level into which a fair value measurement is classified is determined with reference to
the observability and significance of the inputs used in the valuation technique as follows:
• Level 1 valuations: Fair value measured using only Level 1 inputs i.e. unadjusted quoted prices in active
markets for identical assets or liabilities at the measurement date
Level 2 valuations: Fair value measured using Level 2 inputs i.e. observable inputs which fail to meet Level
1, and not using significant unobservable inputs. Unobservable inputs are inputs for which market data are
not available
Level 3 valuations: Fair value measured using significant unobservable inputs
Fair value measurements as at
31 December 2023 categorised into
Fair value at 31 December
2023165
$'000
Level 1
$'000
Level 2
$'000
Level 3
$'000
Recurring fair value measurement
162
Investment properties 163.
- Residential - Chinese Mainland
32,000
- Commercial - Hong Kong
52,950
Properties held for own use:
- Freehold land and buildings
South East Asia
-
34,000
- Leasehold land and buildings 163_
Hong Kong
87,550
Fair value at 31 December
2022
$'000
32,000
52,950
87,550
Fair value measurements as at
31 December 2022 categorised into
Level 1
$'000
Level 2
$'000
34,000
Level 3
$'000
Recurring fair value measurement
Investment properties:
- Residential - Chinese Mainland
26,500
26,500
- Commercial - Hong Kong
40,190
:
40,190
Properties held for own use:
- Freehold land and buildings
South East Asia
30,059
- Leasehold land and buildings -
Hong Kong
57,648
30,059
57,648
104
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