Page 171 - RFHL ANNUAL REPORT 2024_ONLINE

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25. Fair value (continued)
25.2 Fair value and fair value hierarchies (continued)

25.2.2 Description of significant unobservable inputs to valuation
The significant unobservable inputs used in the fair value measurements categorised within Level 3 of the fair
value hierarchy as at September 30, 2024, are as shown below:

Significant Range
Valuation unobservable (weighted
technique inputs average)

Advances Discounted Cash Growth rate 3.4% – 20.5%
flow method for cash flows
for subsequent
years

Investment securities Market Proxy method/ Instrument 100/
Discounted cash price/Cash flow 0.0% – 4.5%
flow method for subsequent
years

Customers’ chequing, savings and deposit accounts Discounted Cash Growth rate 0.05% – 5.6%
flow method for cash flows
for subsequent
years

25.2.3 Transfers between Level 1 and 2
For the year ended September 30, 2024, $17.6 million of assets were transferred between Level 1 and Level 2
(2023: $111.5 million).

25.2.4 Reconciliation of movements in Level 3 financial assets measured at fair value

Balance at Disposals
beginning /transfers Balance at
2024 of year Additions to level 2 end of year

Financial assets designated at
Fair value through profit or loss 52 – – 52

52 – – 52

2023

Financial assets designated at
Fair value through profit or loss 51 1 – 52

51 1 – 52