210
Ascott Residence Trust
Annual Report 2015
33 Fair value of assets and liabilities
(continued)
(c) Level 3 fair value measurements
(continued)
(i) Reconciliation of Level 3 fair value
(continued)
Group
2015
$’000
2014
$’000
Assets held for sale
Balance at 1 January
87,403
87,033
Disposal of assets held for sale
(9,054)
(5,457)
Balance at 31 December
78,349
81,576
Gains and losses for the year
Net change in fair value recognised in statement of total return
5,858
5,827
Balance at 31 December
84,207
87,403
Group
$’000
Trust
$’000
Serviced residence properties
Balance at 1 January 2014
3,177,020 556,392
Acquisition of subsidiaries and serviced residence properties
546,441
–
Capital expenditure
34,816
526
Transfer from plant and equipment
734
125
Translation difference
(76,156)
–
Balance at 31 December 2014
3,682,855 557,043
Gains and losses for the year
Net change in fair value recognised in statement of total return
57,203
1,650
Assets written off
(16,022)
–
Balance at 31 December 2014
3,724,036 558,693
Notes to the Financial Statements
Year ended 31 December 2015
