The following tables provide an analysis of assets and liabilities that are measured at fair value.

The different levels of the fair value hierarchy are defined below.

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the

entity can access at measurement date

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the

asset or liability either directly or indirectly.

Level 3: Unobservable inputs for the asset or liability.

Fair value measurements at the end of the reporting period by hierarchy for assets and

liabilities in 2019

end of the reporting period using

Fair value

Level 3

inputs

Valuation

inputs

Valuation

Non - financial assets

Leasehold improvements

Other plant and equipment

Total non-financial assets

Total fair value measurement of assets in the

statement of financial position

1. No change in valuation technique occurred during the period

Recurring and non-recurring Level 3 fair value measurements - valuation process

AAFCANS revalued their assets through an independent valuer in the 2016-2017 Financial Year

No valuation was completed in the current year instead a desktop valuation was performed to

determine fair value.