210 | CapitaLand Limited Annual Report 2014
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
34 FAIR VALUE OF ASSETS AND LIABILITIES
(cont’d)
(d) Level 3 fair value measurements
(i) Reconciliation of Level 3 fair value
The movements of mnancial and non-mnancial assets classimed under Level 3 are presented as follows
Investment properties
Note
Unquoted
equity
securities
$’000
Completed
$’000
Under
development
$’000
Assets
held
for sale
$’000
The Group
2014
Balance as at 1 January 2014,
restated
213,626 13,389,035
2,106,899
87,033
Acquisition of subsidiaries
31(b)
–
363,514
–
–
Additions
–
420,791
641,116
–
Disposals
(2,575)
(89,175)
–
(5,456)
Changes in fair value recognised
in the promt or loss
–
393,709
57,386
5,826
Changes in fair value recognised
in other comprehensive income
3,283
–
–
–
Reclassimcations (to)/from
development properties for sale
and property, plant and equipment
–
(232,512)
232,107
–
Reclassimcation from investment
in associates
–
–
–
104,000
Reclassimcations
–
1,313,465 (1,313,465)
–
Translation differences
(20,728)
(171,389)
37,717
–
Balance as at 31 December 2014
193,606 15,387,438
1,761,760
191,403
2013
Balance as at 1 January 2013,
restated
268,681 13,988,461
3,893,608
–
Acquisition of subsidiaries
–
303,379
443,329
–
Disposal of subsidiaries
(178) (2,779,866)
(597,083)
–
Capital reduction
(11,083)
–
–
–
Additions
–
138,811
690,811
–
Disposals/Written off
–
(276,620)
–
(106)
Changes in fair value recognised
in the promt or loss
–
452,308
^
9,150
–
Changes in fair value recognised
in other comprehensive income
1,699
–
–
–
Reclassimcations (to)/from
assets held for sale and
investment properties
–
(86,471)
–
86,471
Reclassimcations (to)/from
development properties for sale
and property, plant and equipment
–
(126,796)
(200,560)
668
Reclassimcations
–
2,147,802 (2,147,802)
–
Translation differences
(45,493)
(371,973)
15,446
–
Balance as at 31 December 2013
213,626 13,389,035
2,106,899
87,033
^
Included $16.3 million relating to a discontinued operation.
