162
CDL
HOSPITALITY TRUSTS
28 DETERMINATION OF FAIR VALUES (CONT’D)
Financial assets and financial liabilities not carried at fair value but for which fair values are disclosed*
Note Level 1 Level 2 Level 3
Total
$’000
$’000
$’000
$’000
HBT Group, H-REIT Group and Stapled Group
2014
Loans and borrowings
12
–
774,932
–
774,932
2013
Loans and borrowings
12
–
688,228
–
688,228
* 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.
Non-financial assets carried at fair value
Note Level 1 Level 2 Level 3
Total
$’000
$’000
$’000
$’000
H-REIT Group
2014
Investment properties
5
–
– 2,288,455 2,288,455
Stapled Group
2014
Investment properties
5
–
– 2,206,423 2,206,423
H-REIT Group
2013
Investment properties
5
–
– 2,238,770 2,238,770
Stapled Group
2013
Investment properties
5
–
– 2,161,693 2,161,693
For a reconciliation of investment properties from the beginning balances to the ending balances for fair value
measurements in Level 3 of the fair value hierarchy, refer Note 5.
NOTES TO THE FINANCIAL STATEMENTS
