184
FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 20 JUNE 2014 (DATE OF CONSTITUTION) TO 30 SEPTEMBER 2015
26.
FINANCIAL RISK MANAGEMENT (CONT’D)
(d)
Liquidity risk (cont’d)
FH-BT
Within one
year
Between one
and five years
More than
five years
Total
At 30 Sep 2015
$’000
$’000
$’000
$’000
Financial assets
Cash and cash equivalents (Note 14)
10
–
–
10
Financial liabilities
Trade and other payables (Note 15)
(2)
–
–
(2)
Net undiscounted financial assets
8
–
–
8
27.
FAIR VALUE OF ASSETS AND LIABILITIES
(a)
Fair value hierarchy
The Stapled Group classifies fair value measurements using a fair value hierarchy that reflects the
significance of the inputs used in making the measurements. The fair value hierarchy has the following
levels:
Level 1 –
Level 2 –
Level 3 –
Quoted prices (unadjusted) in active markets for identical assets or liabilities;
Inputs other than quoted prices included within Level 1 that are observable from the asset
or liability, either directly (i.e. as price) or indirectly (i.e. derived from prices); and
Inputs from the asset or liability that are not based on observable market data (unobservable
inputs)
There have been no transfers between levels during the financial period ended 30 September 2015.
