AVBOB Financial Statements 2018

100 AVBOB MUTUAL ASSURANCE SOCIETY AND ITS SUBSIDIARIES NOTES TO THE SUMMARISED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018 (continued) 5. Management of insurance and financial risk (continued) 5.3 Fair value hierarchy • Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1). • • Level 1 . Level 2 Level 3 . Total R 000 R 000 R 000 R 000 At 30 June 2017 Assets At fair value through profit or loss Listed fixed-income securities 2 138 886 - - 2 138 886 Listed shares 5 309 065 - - 5 309 065 Non-listed foreign investments - 2 964 722 - 2 964 722 Unlisted investments - 485 591 252 701 738 292 Investments in subsidiaries - - 235 600 235 600 Total assets 7 447 951 3 450 313 488 301 11 386 565 Liabilities Investment contracts with discretionary participation features (DPF) - - 274 936 274 936 Total liabilities - - 274 936 274 936 At 30 June 2018 Assets At fair value through profit or loss Listed fixed-income securities 3 102 031 - - 3 102 031 Listed shares 6 626 652 - - 6 626 652 Non-listed foreign investments - 3 627 837 - 3 627 837 Unlisted investments - 530 702 295 171 825 873 Investments in subsidiaries - - 273 000 273 000 Total assets 9 728 683 4 158 539 568 171 14 455 393 Level 1 .. Level 2 .. Level 3 .. Total R 000 R 000 R 000 R 000 Liabilities Investment contracts with discretionary participation features (DPF) - - 271 186 271 186 Total liabilities - - 271 186 271 186 0 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (Level 2). Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (Level 3). The following fair value measurement hierarchy is applied to financial instruments that are measured in the statements of financial position: The following table presents the Society's assets and liabilities that are measured at fair value: 100