NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2021 45. FAIR VALUE HIERARCHY OF FINANCIAL INSTRUMENTS (continued) The summary of significant unobservable inputs to the valuation of financial instruments together with a quantitative sensitivity analysis as at the end of each of the financial years is as follows: Valuation technique Key unobservable input Range Sensitivity of the fair value to the input Unlisted financial assets at fair value through profit or loss Net asset value Net asset value 2021: US$395,000 to US$642,305,000 2020: US$424,000 to US$596,390,000 1% increase (decrease) in net asset value would result in increase (decrease) in fair value by 1% Investment in CCD and OCD at fair value Discounted cash flows Cost of equity 2021: 9.75% to 10.57% 2020: 9.75% to 10.57% 1% increase (decrease) in cost of equity would result in (decrease) increase in estimated fair value by 0.56% The following tables illustrate the fair value measurement hierarchy of the Group’s financial instruments: Group Assets measured at fair value Quoted prices in active markets (Level 1) Significant unobservable inputs (Level 3) Total US$’000 US$’000 US$’000 As at 31 December 2021 Financial assets at fair value through profit or loss – 721,813 721,813 Financial assets at fair value through other comprehensive income 779,436 – 779,436 779,436 721,813 1,501,249 As at 31 December 2020 Financial assets at fair value through profit or loss – 685,223 685,223 Financial assets at fair value through other comprehensive income 878,300 – 878,300 878,300 685,223 1,563,523 E S R C A Y M A N L I M I T E D A N N U A L R E P O R T 2 0 2 1 235
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