Search Definitions

The use of a non-financial asset by market participants that would maximise the value of the asset or the group of assets and liabilities (eg a business) within which the asset would be …

Valuation techniques that convert future amounts (eg cash flows or income and expenses) to a single current (ie discounted) amount. The fair value measurement is determined on the basis of the value indicated by current market expectations about those …

The assumptions that market participants would use when pricing the asset or liability, including assumptions about risk, such as the following: (a)             the risk inherent in a particular valuation technique used to measure fair value (such as a …

Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. …

Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. …

Unobservable inputs for the asset or liability. …

A valuation technique that uses prices and other relevant information generated by market transactions involving identical or comparable (ie similar) assets, liabilities or a group of assets and liabilities, such as a …

Inputs that are derived principally from or corroborated by observable market data by correlation or other means. …

Buyers and sellers in the principal (or most advantageous) market for the asset or liability that have all of the following characteristics: (a)             They are independent of each other, ie they are not related parties as defined in AASB 124 , …

The market that maximises the amount that would be received to sell the asset or minimises the amount that would be paid to transfer the liability, after taking into account transaction costs and transport …