The American Club 2023/2024 Annual Report

PAGE 79

NOTES TO FINANCIAL STATEMENTS 30 JUNE 2024

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)

$

$

$

$

2024 Financial assets Quoted mutual funds

6,086,005 6,796,845 12,882,850

- - -

- - -

6,086,005 6,796,845 12,882,850

Fixed income

Financial liabilities Derivative financial liabilities

-

(10,332)

-

(10,332)

2023 Financial assets Quoted mutual funds

5,282,979 6,174,380

- - - -

- - - -

5,282,979 6,174,380

Fixed income

Alternative investments

106,406

106,406

11,563,765

11,563,765

Financial liabilities Derivative financial liabilities

-

(46,297)

-

(46,297)

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2023 / 2024