FAIR VALUE OF FINANCIAL INSTRUMENTS Sample Clauses
FAIR VALUE OF FINANCIAL INSTRUMENTS. The carrying value of financial instruments including cash, accounts receivable, accounts payable, and lines of credit approximates their fair value based on the short-term nature of these instruments. Property and equipment are recorded at cost. Expenditures for repairs and maintenance which do not extend the useful life of the related assets are charged to expense as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the assets ranging from 1 to 5 years.
FAIR VALUE OF FINANCIAL INSTRUMENTS. The Company uses the market approach to measure their assets and liabilities that are required to be measured at fair value by relevant financial reporting standards, except that the cost approach or income approach is used when there is no active market or when a quoted market price is not available. Level 1 - Use of quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Use of inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (e.g. prices) or indirectly (e.g. derived from prices). Level 3 - Use of unobservable inputs such as estimates of future cash flows. As at March 31, 2018, the Company had the following assets and liabilities that were measured at fair value using different levels of inputs as follows : Current investments - Unit trust 498 - 576 - 576 Total 498 - 576 - 576 During the current period, there were no transfers within the fair value hierarchy. The fair value of investments in unit trusts that are not listed on the Stock Exchange of Thailand has been determined by using the net assets value per unit as announced by the fund manager.
FAIR VALUE OF FINANCIAL INSTRUMENTS. Management believes the carrying amount of financial instruments, including cash and cash equivalents, receivables, receivables from related parties, other current assets, accounts payable, accounts payable to related parties and accrued liabilities approximate fair value because of the short-term maturity of these instruments. The recorded value of the amounts outstanding under the bank revolving credit facility, if any, approximate fair value due to the variable interest rate that approximates current market rates (see Note 14). Derivative instruments are recorded at fair value, based on available market information (see Note 15).
FAIR VALUE OF FINANCIAL INSTRUMENTS. Except as detailed in the following table, management believes that the carrying amounts of financial assets and liabilities recognized at amortized cost in the financial statements approximate their fair value: 31/3/2023 31/12/2022 Carrying amount Fair value Carrying amount Fair value Accounts payable to related parties US$ 374,604 389,057 388,270 391,188
FAIR VALUE OF FINANCIAL INSTRUMENTS. The carrying amount of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and approximates fair value. The investments are carried at fair value based upon quoted market prices. Other long-term assets approximate fair value based on cost and the expected useful lives of the assets. The fair value of the Communities’ long-term debt is estimated based on the quoted market prices for the same issue if available, or similar issues, or based on the current rates offered to the Communities for debt of the same remaining maturities with similar collateral requirements.
FAIR VALUE OF FINANCIAL INSTRUMENTS. The following table presents the carrying values and fair values of our long-term debt at December 31, 2002 and 2001: Term loans $ 242,236 $ 242,236 Notes 101,494 106,994 Term loans $ 285,000 $ 285,000 Notes 100,450 100,450 Due to the Term Loans having variable interest rates, the fair value equals their carrying value. Our Notes are privately held; therefore, the fair value cannot be determined due to the lack of trading information. As of December 31, 2001, due to the relatively short period of time since the Transaction, management believes the fair value of the Notes approximates the carrying value. As of December 31, 2002, the fair value of the Notes was estimated based on a combination of (i) quoted market prices of traded issues of other specialty chemicals companies after considering differences in credit ratings, interest rates, and maturity dates and (ii) analysis of market interest rates and trends affecting us. The fair value of the Notes is an estimate. Accordingly, actual prices agreed to between buyers and sellers in private transactions could be substantially different than our estimate of the fair value.
FAIR VALUE OF FINANCIAL INSTRUMENTS. On January 1, 2008, the Company adopted Accounting Standards Codification ("ASC") 820, Fair Value Measurements and Disclosures, for financial assets and liabilities. On January 1, 2009, the Company also adopted the statement for all non-financial assets and non-financial liabilities, except those that are recognized or disclosed at fair value in the financial statements on a recurring basis. ASC 820 clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions the guidance establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs other than the quoted prices in active markets that are observable either directly or indirectly, or quoted prices in less active markets; and (Level 3) unobservable inputs with respect to which there is little or no market data, which require the Company to develop its own assumptions. This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. On a recurring basis, the Company measures certain financial assets at fair value. The Company's financial instruments consist principally of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and certain accrued expenses. Short-term investments are limited to time deposits with original maturities longer than three months and less than one year. As of December 31, 2010 and 2011, the respective carrying values of financial instruments approximated their fair values based on their short-term maturities.
FAIR VALUE OF FINANCIAL INSTRUMENTS. The carrying amounts of Sonus' financial instruments, which include cash equivalents, marketable securities, stock subscriptions receivable, accounts payable, accrued expenses and long-term obligations, approximate their fair value.
FAIR VALUE OF FINANCIAL INSTRUMENTS. The following table presents the carrying amounts and estimated fair values of the company’s financial instruments at September 30, 2000 and 1999. The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties. (Millions) Carrying Amount Fair Value Current assets $ 147.4 $ 147.4 $ 116.9 $ 116.9 Current liabilities 349.9 349.9 286.5 286.5 Long-term debt 559.6 532.8 506.1 487.9 Financial instruments included in current assets consist of cash and cash equivalents, net accounts receivable, accrued utility revenues and other miscellaneous receivables. Financial instruments included in current liabilities consist of total current liabilities from the Consolidated Balance Sheets excluding capital lease obligations and accrued vacation costs. The carrying amount of the financial instruments included in current assets and current liabilities approximates fair value because of the short maturity of these instruments. The fair value of long-term debt was estimated based on the quoted market prices of U.S. Treasury issues having a similar term to maturity, adjusted for the company’s credit quality and the present value of future cash flows.
FAIR VALUE OF FINANCIAL INSTRUMENTS. The Company and its subsidiaries use the market approach to measure their assets and liabilities that are required to be measured at fair value by relevant financial reporting standards, except that the cost approach or income approach is used when there is no active market or when a quoted market price is not available. Level 1 - Use of quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Use of inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (e.g. prices) or indirectly (e.g. derived from prices). Level 3 - Use of unobservable inputs such as estimates of future cash flows. As at March 31, 2019, the Company and its subsidiaries had the following assets and liabilities that were measured at fair value using different levels of inputs as follows :- Level 1 Level 2 Level 3 Total Current investments-Unit trust - 769,480 - 769,480 Available-for-sale investments - Equity 5,989,940,694 5,989,940,694 Total 5,989,940,694 769,480 5,990,710,174 Level 1 Level 2 Level 3 Total Available-for-sale investments - Equity 3,118,684,000 3,118,684,000 During in the current period, there were no transfers within the fair value hierarchy. Valuation techniques and inputs for Level 2 valuations The fair value of investments in investment units which are not listed on the Stock Exchange of Thailand, is determined by using the net assets value per unit as announced by the fund managers.