Page 183 - flipbook-ubp-IR

2022
THE COMPANY
Level 2 Level 3
Rs’000 Rs’000
- 18,480 - 1,488
THE GROUP
Level 2 Level 3
Rs’000 Rs’000
- 12,046
OUR CORPORATE PERFORMANCE GOVERNANCE
Rs’000 income -
Financial assets at fair value through other comprehensive Financial assets at fair value through profit or loss
2021
-
Financial assets at fair value through other comprehensive
income -
Financial assets at fair value through profit or loss 382 -
THE COMPANY
2,256
Level 1
Total
Rs’000
18,480 1,488
Total
Rs’000
12,046 2,638
Total
Rs’000
12,046 1,488
2021 Rs’000
12,909 625 13,534
Level 1
Rs’000
Level 1 Level 2
Rs’000 Rs’000
Financial assets at fair value through other comprehensive
income - -
Level 3
Rs’000
12,046 1,488
Financial assets at fair value through profit or loss
Movement in level 3 financial assets
At July 01,
Net unrealised changes in fair value of financial assets At June 30,
Valuation techniques
Unlisted equity investments classified as level 3
- -
THE GROUP
2022
2021
2022
The Group invests in companies which are not quoted in an active market. Transaction in such investments do not occur on a regular basis. The Group uses a market based valuation technique for these positions. The valuation process for the investments is completed on a yearly basis and is designed to determine a reasonable fair value while subjecting the valuation of such investment to an appropriate level of review. Yearly valuations are performed at Group level by the Directors. For assets classified as level 3, the finance professionals are responsible for documenting preliminary valuations based on their collection of financial and operating data, company specific developments, market valuation of comparable companies and model projections, among other factors. The Board then reviews the preliminary valuations and all inputs for accuracy and reasonableness. The Board finally approves all investment valuations.
UBP INTEGRATED REPORT 2022 181
THE COMPANY
Rs’000
14,302
6,103
Rs’000
13,076 1,226
Rs’000
13,534
6,434
20,405
14,302
19,968
FINANCIAL STATEMENTS