My first Publication ocbc_ar17_fullreport_english | Page 261

41. FAIR VALUES OF FINANCIAL INSTRUMENTS (continued)
41.3 FAIR VALUE HIERARCHY (continued)
Movements in the Group’s Level 3 financial assets and liabilities (continued)
GROUP
BANK
2017
$ million
Financial liabilities measured
at fair value
At 1 January
Issues
Settlements/disposals
Transfers out of Level 3
Losses/(gains) recognised in
– profit or loss
– other comprehensive income
At 31 December
Unrealised losses included in
profit or loss for liabilities
held at the end of the year
(1)

(2)
Derivative
payables
2016
Derivative
payables
Total
35
1
–
(25) (1)
2017
Total
2016
Derivative
payables
Total
Derivative
payables
Total
35
1
–
(25) 47
6
(1)
– 47
6
(1)
– 31
1
–
(25) (1) 31
1
–
(25) 40
7
(#)
– 40
7
(#)
–
3
#
14 3
#
14 (17)
(#)
35 (17)
(#)
35 1
–
8 1
–
8 (16)
–
31 (16)
–
31
(34) (34) (24) (24) (33) (33) (24) (24)
Relates to transfers from Level 3 to Level 1 and 2 due to use of inputs based on market observable data.
# represents amounts less than $0.5 million.
Gains/(losses) included in profit or loss are presented in the income statements as follows:
GROUP
2017
$ million
Trading
income
Total (losses)/gains included in profit
or loss for the year ended
Unrealised losses included in profit
or loss for liabilities held at the
end of the year
BANK
2016
Total
2017
Trading
income Total
2016
Trading
income
Total
Trading
income Total
(3) (3) 17 17 (1) (1) 16 16
(34) (34) (24) (24) (33) (33) (24) (24)
Movements in the Group’s Level 3 non-financial assets
GROUP
2017
$ million
Non-financial assets measured at fair value
At 1 January
Purchases
Sales
Gains/(losses) recognised in
– profit or loss
– other comprehensive income
At 31 December
(1)

Life Assurance
Fund investment
properties
2016
Life Assurance
Fund investment
Total
properties
Total
1,539
#
(1) 1,539
#
(1) 1,568
–
(9) 1,568
–
(9)
10
5
1,553 10
5
1,553 (16)
(4)
1,539 (16)
(4)
1,539
# represents amounts less than $0.5 million.
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
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