Assets measured at fair value
IE60
For assets and liabilities measured at fair value at the end of the reporting period, the IFRS requires quantitative disclosures about the fair value measurements for each class of assets and liabilities. An entity might disclose the following for assets to comply with paragraph 93(a) and (b) of the ifrs-full:
(CU in millions) | Fair value measurements at the end of the reporting period using | ||||||||||||
Description | 31/12/X9 | Quoted prices in active markets for identical assets (Level 1) | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total gains (losses) | ||||||||
Recurring fair value measurements | |||||||||||||
Trading equity securities: | |||||||||||||
Real estate industry |
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Oil and gas industry |
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Other |
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Total trading equity securities |
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Other equity securities: | |||||||||||||
Financial services industry |
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Healthcare industry |
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Energy industry |
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Private equity fund investments |
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Other |
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Total other equity securities |
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Debt securities: | |||||||||||||
Residential mortgage-backed securities |
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Commercial mortgage-backed securities |
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Collateralised debt obligations |
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Risk-free government securities |
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Corporate bonds |
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Total debt securities |
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Hedge fund investments: | |||||||||||||
Equity long/short |
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Global opportunities |
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High-yield debt securities |
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Total hedge fund investments |
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Derivatives: | |||||||||||||
Interest rate contracts |
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Foreign exchange contracts |
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Credit contracts |
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Commodity futures contracts |
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Commodity forward contracts |
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Total derivatives |
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Investment properties: | |||||||||||||
Commercial - Asia |
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Commercial - Europe |
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Total investment properties |
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Total recurring fair value measurements |
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Non-recurring fair value measurements | |||||||||||||
Assets held for sale |
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Total non-recurring fair value measurements |
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(Note: A similar table would be presented for liabilities unless another format is deemed more appropriate by the entity.) |
Reconciliation of fair value measurements categorised within Level 3 of the fair value hierarchy
IE61
For recurring fair value measurements categorised within Level 3 of the fair value hierarchy, the IFRS requires a reconciliation from the opening balances to the closing balances for each class of assets and liabilities. An entity might disclose the following for assets to comply with paragraph 93(e) and (f) of the ifrs-full:
Fair value measurements using significant unobservable inputs (Level 3) | ||||||||||||||||||||||||
(CU in millions) | Other equity securities | Debt securities | Hedge fund investments | Derivatives | Investment properties | |||||||||||||||||||
Healthcare industry | Energy industry | Private equity fund | Residential mortgage-backed securities | Commercial mortgage-backed securities | Collateralised debt obligations | High-yield debt securities | Credit contracts | Asia | Europe | Total | ||||||||||||||
Opening balance |
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Transfers into Level 3 |
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Transfers out of Level 3 | ( |
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Total gains or losses for the period | ||||||||||||||||||||||||
Included in profit or loss |
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Included in other comprehensive income |
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Purchases, issues, sales and settlements | ||||||||||||||||||||||||
Purchases |
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Issues | ||||||||||||||||||||||||
Sales | ( |
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Settlements | ( |
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Closing balance |
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