Annual Report 2019
ANNUAL REPORT 2019 259 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 March 2019 47. FINANCIAL INSTRUMENTS (continued) c. Fair value measurements of financial instruments (continued) Reconciliation of Level 3 fair value measurements of financial assets and liabilities Structured deposits (Assets)/ liabilities arising from profit guarantee arrangement Unlisted debt securities classified as available– for-sales Unlisted equity securities Unlisted debt securities classified as financial assets as FVTPL HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 As 1 April 2017 33,900 – – – – Addition 6,600 20,000 146,423 – – Fair value movement – (14,124) – – – As 1 April 2018 40,500 5,876 146,423 – – Effect of HKFRS 9 – reclassification – – (146,423) – 146,423 Redemption 166,205 – – 2,133 212,955 Disposal (207,936) – – – – Fair value movement 1,231 (8,423) – – – As 31 March 2019 – (2,547) – 2,133 359,378 No sensitivity analysis is disclosed for the impact of changes in the relevant unobservable data under discounted cash flow in respect of structured deposits classified as financial assets at fair value through profit or loss and equity securities at fair value through other comprehensive income, as the management considers that the exposure is insignificant to the Group.
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