Notes to the Financial Statements
(Cont’d)
For the financial year ended 30 April 2016
(In Singapore Dollar)
STAMFORD TYRES CORPORATION LIMITED
106 |
DRIVING IT UP
37.
Fair value of financial instruments
(a)
Fair value of financial instruments that are carried at fair value
The following table shows an analysis of financial instruments carried at fair value by level of fair
value hierarchy:
Note
Quoted prices
in active
markets for
identical
instruments
(Level 1)
Significant
other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
$’000
$’000
$’000
Group
2016
Financial assets
Forward currency contracts
18
–
59
–
Interest rate swap
18
–
7
–
Financial liabilities
Forward currency contracts
18
–
(96)
–
Interest rate swap
18
–
–
–
2015
Financial assets
Forward currency contracts
18
–
188
–
Interest rate swap
18
–
41
–
Financial liabilities
Forward currency contracts
18
–
(51)
–
Interest rate swap
18
–
(3)
–
