Notes to the condensed interim financial statements (continued)

For the period ended 30 June 2023

3 SignificantAccountingPolicies(continued)

3.3 Financialinstruments(continued)

b) Classificationandsubsequentmeasurementoffinancialassets

For the purposes of subsequent measurement, the Company classifies its financial assets into the following categories:

i) Financial assets at amortised cost

Financial assets at amortised cost are those financial assets for which:

- theCompany’sbusinessmodelistoholdtheminordertocollectcontractualcashflows;and

- thecontractualtermsgiveriseonspecificdatestocashflowsthataresolelypaymentsofprincipaland interestontheprincipalamountoutstanding.

After initial recognition these are measured at amortised cost using the effective interest method, less provision for impairment. Discounting is omitted where the effect of discounting is immaterial.

These are included in current assets, except for maturities greater than 12 months after the end of the reporting period which are classified as non-current assets.

Financial assets at amortised cost comprise statutory deposits, cash and cash equivalents, due from related parties and most other receivables.

ii) Financial assets at fair value through other comprehensive income (‘FVTOCI’)

Investments in equity securities are classified as FVTOCI. At initial recognition, the Company can make an irrevocableelection(on an instrument-by-instrument basis) todesignateinvestments in equity investments at FVTOCI. Designation at FVTOCI is not permitted if the equity investment is held for trading.

Fairvaluemeasurement

For investments traded in organised financial markets, fair value is determined by reference to stock exchange quoted prices at the close of business on the statement of financial position date. Investments in unquoted securities are measured at fair value, considering observable market inputs and unobservable financial data of investees.

Gainsorlossesonsubsequentmeasurement

Gain or loss arising from change in fair value of investments at FVTOCI is recognised in other comprehensiveincomeand reportedwithin the fair valuereserve for investmentsat FVTOCI withinequity. When the asset is disposed of, the cumulative gain or loss recognised in other comprehensive income is not reclassified from the equity reserve to statement of profit or loss but is reclassified to retained earnings.

Fairvalueoffinancialinstruments

Wherethe fair value of financial assets andfinancial liabilities recorded inthe statement of financial position cannot be derived from active markets, their fair value is determined using valuation techniques including