33 FAIR VALUE OF ASSETS AND LIABILITIES
(continued)
(c) Level 3 fair value measurements
(continued)
(i) Reconciliation of Level 3 fair value
(continued)
Group
Trust
$’000
$’000
Serviced residence properties
Balance at 1 January 2013
2,785,147
551,222
Acquisition of subsidiaries and serviced residence
properties
291,807
–
Capital expenditure
35,403
863
Transfer to assets held for sale
(47,446)
–
Translation difference
11,602
–
Balance at 31 December 2013
3,076,513
552,085
Gains and losses for the year
Net change in fair value recognised in statement of
total return
100,507
4,307
Balance at 31 December 2013
3,177,020
556,392
Group
$’000
Assets held for sale
Balance at 1 January 2013
–
Transfer from plant and equipment
668
Transfer from serviced residence properties
47,446
Balance at 31 December 2013
48,114
Gains and losses for the year
Net change in fair value recognised in statement of total return
39,025
Disposal/written off
(106)
Balance at 31 December 2013
87,033
Pursuing Growth | 199
