FINANCIAL ASSETS AT FAIR VALUE |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Assets At Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FINANCIAL ASSETS AT FAIR VALUE | NOTE 5 – FINANCIAL ASSETS AT FAIR VALUE
The reconciliation of the opening and closing fair value balance of financial instruments is provided below:
General objectives, policies and processes
The Company’s investment strategy regarding its financial assets is the preservation of capital; the Company does not invest for trading or speculative purposes. The Company holds level 1 short-term investments (mutual funds and bonds) with yields ranging between 3.70% to 4.35%.
Other market price risk
The Company is exposed to price risks of shares, certificate of participation in mutual funds and bonds, which are classified as financial assets carried at fair value through profit or loss. The effect of a 1% increase in the value of the portfolio securities investment held at the reporting date would, if all other variables held constant, have resulted in an increase in the fair value through profit or loss and net assets of $560. A 1% decrease in their value would, on the same basis, have decreased the fair value through other profit or loss reserve and net assets by the same amount. |
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