v3.25.1
Fair Value Hierarchy
 12 Months Ended
Dec. 31, 2024
Disclosure Of Fair Value Measurement [Line Items]  
Fair Value Hierarchy
31.
Fair value hierarchy

The following tables show financial instruments recognized at fair value for the years ended December 31, 2024 and 2023. Fair values have been determined based on:

•
Level 1: Quoted (unadjusted) prices in active markets for identical assets or liabilities.
•
Level 2: Other techniques for which all inputs that significantly impact the recorded fair value are observable, directly or indirectly.
•
Level 3: Techniques which use inputs that significantly impact the recorded fair value that are not based upon observable market data.

The table also includes financial instruments measured at amortized cost. The Group determined the book value of such instruments approximates their fair value.

 

December 31, 2024

 

FVPL

 

 

Amortized
cost

 

 

Total

 

 

Level 1

 

 

Level 2

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and Cash Equivalents

 

 

53,490

 

 

 

371,682

 

 

 

425,172

 

 

 

53,490

 

 

 

—

 

Cash and Demand deposit

 

 

—

 

 

 

371,682

 

 

 

371,682

 

 

 

—

 

 

 

—

 

Money Market Fund and Others

 

 

53,490

 

 

 

—

 

 

 

53,490

 

 

 

53,490

 

 

 

—

 

Financial Assets at Fair Value through Profit or Loss

 

 

129,319

 

 

 

—

 

 

 

129,319

 

 

 

129,319

 

 

 

—

 

Other Assets

 

 

16,314

 

 

 

7,186

 

 

 

23,500

 

 

 

—

 

 

 

16,314

 

Trade and Other Receivables

 

 

—

 

 

 

514,757

 

 

 

514,757

 

 

 

—

 

 

 

—

 

Derivative financial instruments (1)

 

 

2,874

 

 

 

—

 

 

 

2,874

 

 

 

—

 

 

 

2,874

 

 

 

201,997

 

 

 

893,625

 

 

 

1,095,622

 

 

 

182,809

 

 

 

19,188

 

 

 

December 31, 2024

 

FVPL

 

 

Amortized
cost

 

 

Total

 

 

Level 1

 

 

Level 2

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade and Other Payables

 

 

—

 

 

 

(597,787

)

 

 

(597,787

)

 

 

—

 

 

 

—

 

Derivative financial instruments (1)

 

 

(6,227

)

 

 

—

 

 

 

(6,227

)

 

 

—

 

 

 

(6,227

)

Finance liability

 

 

—

 

 

 

(50,455

)

 

 

(50,455

)

 

 

—

 

 

 

—

 

Lease Liabilities

 

 

—

 

 

 

(4,000

)

 

 

(4,000

)

 

 

—

 

 

 

—

 

 

 

(6,227

)

 

 

(652,242

)

 

 

(658,469

)

 

 

—

 

 

 

(6,227

)

 

December 31, 2023

 

FVPL

 

 

Amortized
cost

 

 

Total

 

 

Level 1

 

 

Level 2

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and Cash Equivalents

 

 

—

 

 

 

536,160

 

 

 

536,160

 

 

 

—

 

 

 

—

 

Financial Assets at Fair Value through Profit or Loss

 

 

104,387

 

 

 

—

 

 

 

104,387

 

 

 

104,387

 

 

 

—

 

Other Assets

 

 

—

 

 

 

11,782

 

 

 

11,782

 

 

 

—

 

 

 

—

 

Trade and Other Receivables

 

 

—

 

 

 

363,374

 

 

 

363,374

 

 

 

—

 

 

 

—

 

Derivative financial instruments (1)

 

 

2,040

 

 

 

—

 

 

 

2,040

 

 

 

—

 

 

 

2,040

 

 

 

106,427

 

 

 

911,316

 

 

 

1,017,743

 

 

 

104,387

 

 

 

2,040

 

 

December 31, 2023

 

FVPL

 

 

Amortized
cost

 

 

Total

 

 

Level 1

 

 

Level 2

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade and Other Payables

 

 

—

 

 

 

(602,493

)

 

 

(602,493

)

 

 

—

 

 

 

—

 

Derivative financial instruments (1)

 

 

(948

)

 

 

—

 

 

 

(948

)

 

 

—

 

 

 

(948

)

Lease Liabilities

 

 

—

 

 

 

(3,957

)

 

 

(3,957

)

 

 

—

 

 

 

—

 

 

 

(948

)

 

 

(606,450

)

 

 

(607,398

)

 

 

—

 

 

 

(948

)

 

(1) The most frequently applied valuation techniques include forward pricing models. The models incorporate various inputs including foreign exchange spot, interest rates curves of the respective currencies and the terms of the contract.

 

There was no transfer of items between Level 2 and Level 3, acquisitions, disposals or gains or losses recognized in profit for the period related to Level 3 instruments occurred. Consequently, as of December 31, 2024 and 2023, the Group did not recognize any financial assets under Level 3.