ESR Interim Report 2020 (EN)

Notes to Condensed Consolidated Financial Information 30 June 2020 55 NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION ESR Interim Report 2020 13. INVESTMENT PROPERTIES (continued) (d) Fair value hierarchy (continued) The movement in fair value measurements within Level 3 during the six months ended 30 June 2020 and 2019 are as follows: For the six months ended 30 June 2020 2019 (Unaudited) (Audited) US$’000 US$’000 At 1 January 2,552,837 1,865,300 Additions 152,127 245,545 Acquisition of subsidiaries 96,035 672,022 Changes in fair value of investment properties 117,777 98,316 Transfer from Level 2 to Level 3 212,115 – Reclassification to asset held for sale (42,281) – Disposal of subsidiaries (585,075) (276,711) Exchange realignment 6,788 7,245 At 30 June 2,510,323 2,611,717 The valuation of investment properties categorised within Level 2 of the fair value hierarchy are based on comparable market transactions that consider sales of similar properties that have been transacted in the open market.