Asia-Pacific Strategic Investments Limited - Annual Report 2021

Notes to the Financial Statements For the financial year ended 30 June 2021

28

Financial risk management (continued)

(d)

Capital risk (continued)

Group

Company

2021

2021

2020

2020

S$’000

S$’000

S$’000

S$’000

15,344 45,444 60,788

4,684

Net debt

8,313

2,048

48,849 53,533

Total equity Total capital

51,201 59,514

51,323 53,371

25.24%

8.75%

Gearing ratio

13.97%

3.84%

The Group and the Company have no externally imposed capital requirements for the financial years ended 30 June 2021 and 2020.

(e)

Fair value measurements

The following table presents assets and liabilities measured at fair value and classified by level of the following fair value measurement hierarchy:

(i) quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1);

(ii) inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices) (Level 2); and

(iii) inputs for the asset or liability that are not based on observable market data (unobservable inputs) (Level 3).

Group and Company

Level 1 S$’000

Level 2 S$’000

Level 3 S$’000

Total

2021

S$’000

Assets Financial assets, at FVPL Financial assets, at FVOCI

2,824

- - -

- * *

2,824

-

*

2,824

2,824

2020 Assets Financial assets, at FVPL Financial assets, at FVOCI

3,381

- - -

-

3,381 2,000 5,381

-

2,000 2,000

3,381

* Less than S$1,000

ANNUAL REPORT 2021

115