NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION For the six months ended 30 June 2022 11. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS 30 June 2022 31 December 2021 (Unaudited) (Audited) US$’000 US$’000 Current Listed equity investments, at fair value (note (i)) 15,474 – Non-current Unquoted equity interests, at fair value (note (ii)) 659,899 709,622 675,373 709,622 Notes: (i) Listed equity investments at fair value represent the Group’s investments in publicly listed companies, which are quoted in active markets. (ii) The fair value of these investments is estimated based on the Group’s share of the net asset value of the investment funds and associates. In accordance with the exemption in IAS 28 Investments in associates, the Group has elected to measure its investments in associates and joint ventures at fair value through profit or loss in accordance with IFRS 9. This exemption is related to the fact that fair value measurement provides more useful information for users of the financial statements than application of the equity method. This is an exemption from the requirement to measure interests in associates using the equity method, rather than an exception to the scope of IAS 28 for the accounting for associates and a joint venture. R E A C H I N G N E W H E I G H T S 62
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