Page 192 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

190 • Republic Financial Holdings Limited 2025 Annual Report • FINANCIALS

Notes to the Consolidated Financial Statements

For the year ended September 30, 2025. Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

25 Fair value (continued)
25.2 Fair value and fair value hierarchies (continued)
25.2.1 Determination of fair value and fair value hierarchies (continued)

2024 Level 1 Level 2 Level 3 Total

Financial assets measured at fair value
Investment securities 42 99 52 193

Financial assets for which
fair value is disclosed
Advances 1,174 4,260 60,053 65,487
Investment securities 8,004 10,111 1,924 20,039

Financial liabilities for which
fair value is disclosed
Due to banks and other funding instruments – 1,005 33 1,038

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, 2025, are as shown below:

Significant Range
Valuation unobservable (weighted
technique inputs average)

Advances Discounted cash Growth rate 3.5% – 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

25.2.3 Transfers between Level 1 and 2
For the year ended September 30, 2025, there were no assets transferred between Level 1 and Level 2 (2024: $17.6
million).

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