Page 206 - 香港房屋協會 Hong Kong Housing Society Annual Report 2020/2021

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HONG KONG HOUSING SOCIETY ANNUAL REPORT 2020/21
5. Financial risk management objectives and policies (continued)
(d) Financial assets and liabilities measured at fair value
Fair value hierarchy
The following table presents the fair value of the Housing Society’s financial assets and liabilities 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.
5. 財務風險管理目標及政策(續) (d) 財務資產及負債按公允價值
計量
公允價值等級
下表呈列按經常性基準於結算日 在香港財務報告準則第十三號- 公允價值計量所界定下之三個公 允價值等級中，以公允價值計量 房屋協會之財務資產及負債。公 允價值計量被歸類等級之確定， 乃參照下列在估值方法中使用輸 入數據之可觀察性及重要性:
- 第一級估值:只使用第一級 輸入數據計量其公允價值， 即於計量日以相同資產及負 債在活躍市場之未經調整報 價。
- 第二級估值:使用第二級輸 入數據計量其公允價值，即 未能符合第一級之可觀察輸 入數據及不使用重大不可觀 察輸入數據。不可觀察輸入 數據乃市場數據未能提供之 輸入數據。
- 第三級估值:以輸入重大不 可觀察數據以計量公允價 值。