CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2021 FINANCIALS 242 243 NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 YEAR ENDED 31 DECEMBER 2021 41 FINANCIAL INSTRUMENTS (CONT’D) (v) Accounting classifications and fair values The carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy are as follows. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value. Trade and other receivables and trade and other payables classified as held for sale are not included in the table below (see note 6). Further, the fair value disclosure of lease liabilities is also not required. Note Mandatorily at FVTPL FVOCI – equity investments Fair value – hedging instruments Amortised cost Other financial liabilities Total carrying amount Level 1 Level 2 Level 3 Total fair value $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Group 31 December 2021 Financial assets measured at fair value Unquoted debt investments – mandatorily at FVTPL 10 175,409 – – – – 175,409 – 142,486 32,923 175,409 Unquoted equity investments – at FVOCI 10 – 357,870 – – – 357,870 – – 357,870 357,870 Unquoted equity investments – mandatorily at FVTPL 10 130,465 – – – – 130,465 – – 130,465 130,465 Quoted equity investments– at FVOCI 10 – 37,180 – – – 37,180 37,180 – – 37,180 Quoted equity investments – mandatorily at FVTPL 10 48,867 – – – – 48,867 48,867 – – 48,867 Derivative financial assets – – 26,273 – – 26,273 – 26,273 – 26,273 354,741 395,050 26,273 – – 776,064 Financial assets not measured at fair value Unquoted debt investments – amortised cost 10 – – – 17,743 – 17,743 Other non-current assets^ 11 – – – 106,332 – 106,332 Trade and other receivables# 15 – – – 1,789,531 – 1,789,531 Cash and cash equivalents 17 – – – 2,083,165 – 2,083,165 – – – 3,996,771 – 3,996,771 Financial liabilities measured at fair value Derivative financial liabilities – – 15,877 – – 15,877 – 15,877 – 15,877 Financial liabilities not measured at fair value Interest-bearing borrowings 21 – – – – 11,139,993 11,139,993 – 11,186,537 – 11,186,537 Other liabilities* 27 – – – – 94,491 94,491 Trade and other payables* 30 – – – – 1,397,941 1,397,941 – – – – 12,632,425 12,632,425 ^ Excluding derivative financial assets, prepayments, intangible assets and deferred tax assets # Excluding prepayments, grant receivables, tax recoverable and derivative financial assets * Excluding deferred income and derivative financial liabilities
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