Asus 2014 Annual Report Download - page 267

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263
C. The fair value of financial instruments that are not traded in an active market is determined by
using valuation techniques. These valuation techniques maximise the use of observable market
data where it is available and rely as little as possible on entity specific estimates. If all
significant inputs required to fair value an instrument are observable, the instruments are
included in level 2.
D. If one or more of the significant inputs is not based on observable market data, the instruments
are included in level 3.
E. Specific valuation techniques used to value financial instruments include:
(A) Quoted market prices or dealer quotes for similar instruments.
(B) The fair value of forward exchange contracts is determined using forward exchange rates
at the end of the financial reporting period, with the resulting value discounted back to
present value.
(C) Other valuation techniques, such as Price-Earnings ratio or Price-Book ratio from the
recent same industry data, are used to determine fair value for the remaining financial
instruments.
F. All of the derivative financial instruments whose fair value estimates are included in level 2.
G. The following table presents the changes in level 3 instruments for the years ended December
31, 2014 and 2013.
13. OPERATING SEGMENT INFORMATION
Not applicable.
2014 2013
At January 1 372$ 373$
Acquisitions 7,575 -
Capital reduction - 1)(
At December 31 7,947$ 372$
For the years ended December 31,