Note 5. Fair value measurements
Category | Fair value measurements at the end of the reporting period | ||
|---|---|---|---|
2020 | 2019 | ||
Non-financial assets | |||
Cultural | Level 2 | 12,000 | 12,000 |
Total non-financial assets | 12,000 | 12,000 | |
Total fair value measurement of assets in the statement of financial position | 12,000 | 12,000 | |
AITSL does not hold any non-financial liabilities.
No assets or liabilities have been transferred between value levels during the year.
The observable inputs used in the fair value measurement of cultural assets are independent valuations dated 26 June 2015, based on recent sales value.
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