36. Fair values of financial instruments (cont’d)
(d) Level 3 fair value measurements (cont’d)
Information about significant unobservable inputs used in Level 3 fair value measurements (cont’d)
The following table shows the information about fair value measurements using significant unobservable inputs (Level
3) (cont’d):
For the workers’ dormitory, a significant increase/decrease in discount rate and decrease/increase in rental and
occupancy rate based on management’s assumptions would result in a significantly lower/higher fair value measurement.
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
Description
Fair value at 31
December 2013
Valuation
techniques
Unobservable
inputs
Range
(weighted
average)
S$’000
Recurring fair value measurements
Investment property:
- Workers’ dormitory
7,000
Discounted cash
flow
Discount rate 12.5% to 17.5%
(15%)
Rental rate per
head
S$266 to S$294
(S$280)
Occupancy
rate
65% to 95%
(80%)
Hock Lian Seng Holdings Limited
Annual report 2014
95
