The American Club 2020/2021 Annual Report

55 PAGE

NOTES TO FINANCIAL STATEMENTS 30 June 2021

4. FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL MANAGEMENT (cont’d)

Fair value of financial instruments that are carried at fair value The following table shows an analysis of financial instruments carried at fair value by level of fair value hierarchy:

Quoted Prices in active markets for identical instruments

Significant other observable inputs

Unobservable inputs

Total

(Level 1)

(Level 2)

(Level 3)

$

$

$

$

2021

Financial assets Quoted mutual funds

2,223,543

- - - -

- -

2,223,543

Fixed income

1 16,406

116,406

Alternative investments

-

5,588

5,588

2,339,949

5,588 2,345,537

Financial liabilities Derivative financial liabilities

-

(10,116)

-

(10,116)

2020

Financial assets Alternative investments

-

-

9, 2 1 1

9, 2 1 1

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