Annual report FY2016
121
Notes to the
Financial Statements
For the financial year ended 31 March 2016
32. Fair value of financial instruments (cont’d)
(d)
Level 3 fair value measurements (cont’d)
(i)
Information about significant unobservable inputs used in Level 3 fair value measurements (cont’d)
Description
Fair Value at
31 March 2015
($’000)
Valuation
techniques
Significant
unobservable
inputs
Range of
significant
unobservable
inputs
Relationship of
significant
unobservable
inputs to
fair value
Non-financial
asset:
Property, plant
and equipment:
(Note 15)
Freehold land
414,753
Direct
comparison
approach
Price per
square feet
$29 to $424
Increase/
(decrease) in
estimated price
per square feet
will result in a
higher/(lower)
fair value
Leasehold land
107,088
Direct
comparison
approach
Price per
square feet
$64 to $316
Increase/
(decrease) in
estimated price
per square feet
will result in a
higher/(lower)
fair value
Buildings
238,757
Depreciated
replacement
cost approach
Replacement
cost per
square feet
$67 to $88
Increase/
(decrease) in
estimated
replacement cost
per square feet
will result in a
higher/(lower)
fair value
Balance
economic life
34 years to 43
years
Increase/
(decrease) in
estimated
balance useful
life will result in
a higher/(lower)
fair value
