NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 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. 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 Total carrying amount Level 1 Level 2 Level 3 Total fair value $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Group 31 December 2023 Financial assets measured at fair value Unquoted equity investments – mandatorily at FVTPL 10 184,489 – – – 184,489 – – 184,489 184,489 Unquoted equity investments – at FVOCI 10 – 426,353 – – 426,353 – – 426,353 426,353 Quoted equity investments – mandatorily at FVTPL 10 22,790 – – – 22,790 22,790 – – 22,790 Quoted equity investments – at FVOCI 10 – 27,203 – 27,203 27,203 – – 27,203 Derivative financial assets 11 – – 54,318 – 54,318 – 54,318 – 54,318 207,279 453,556 54,318 – 715,153 Financial assets not measured at fair value Other non-current assets^ 12 – – – 422,790 422,790 Trade and other receivables# 16 – – – 1,676,841 1,676,841 Cash and cash equivalents 18 – – – 2,400,431 2,400,431 – – – 4,500,062 4,500,062 Note Fair value – hedging instruments Other financial liabilities Total carrying amount Level 1 Level 2 Level 3 Total fair value $’000 $’000 $’000 $’000 $’000 $’000 $’000 Group 31 December 2023 Financial liabilities measured at fair value Derivative financial liabilities 11 16,965 – 16,965 – 16,965 – 16,965 Financial liabilities not measured at fair value Interest-bearing borrowings 21 – 11,625,933 11,625,933 – 11,597,418 – 11,597,418 Other liabilities@ 27 – 184,735 184,735 Trade and other payables@ 30 – 1,243,826 1,243,826 – 13,054,494 13,054,494 ^ Excluding prepayments, intangible assets and deferred tax assets # Excluding prepayments, grant receivables and tax recoverable @ Excluding deferred income FINANCIALS FINANCIALS ANNUAL REPORT 2023 CITY DEVELOPMENTS LIMITED 241 240
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