Cathay Pacific 2011 Annual Report Download - page 96

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Notes to the Accounts SUPPLEMENTARY INFORMATION
33. Financial risk management (continued)
Group Company
2010
Level 1
HK$M
2010
Level 2
HK$M
2010
Level 3
HK$M
2010
Total
HK$M
2010
Level 1
HK$M
2010
Level 2
HK$M
2010
Level 3
HK$M
2010
Total
HK$M
Assets
Investments at fair value
– listed 183 – – 183 – – – –
– unlisted – – 1,232 1,232 – 1,133 – 1,133
Liquid funds
– funds with investment
managers – 11,722 – 11,722 – – – –
– other liquid investments – 1,632 – 1,632 – 1,372 – 1,372
Derivative financial assets – 3,460 – 3,460 – 3,460 – 3,460
183 16,814 1,232 18,229 – 5,965 – 5,965
Liabilities
Obligations under finance
leases designated as at fair
value through profit or loss – (4,231) – (4,231) – (4,231) – (4,231)
Derivative financial liabilities – (2,994) – (2,994) – (2,864) – (2,864)
– (7,225) – (7,225) – (7,095) – (7,095)
The movement during the year in the balance of level 3 fair value measurements is as follows:
Group
HK$M
Company
HK$M
Investments at fair value – unlisted
At 1st January 2011 1,232 1,133
Net unrealised gains or losses recognised in other comprehensive
income during the year (170) (170)
At 31st December 2011 1,062 963
Group
HK$M
Company
HK$M
Investments at fair value – unlisted
At 1st January 2010 1,373 1,328
Disposals (396) (396)
Net unrealised gains or losses recognised in other comprehensive
income during the year 255 201
At 31st December 2010 1,232 1,133
94