83 / 136
81
2016
2015
$’000
$’000
Current Assets
Trading equities – Listed
15,459
12,956
Trading equities – Unlisted
16,146
8,344
Total trading equities
31,605
21,300
Non-Current Assets
Long term equity investments – Listed
585,700
615,642
Long term equity investments – Unlisted
3
3
Total long term equity investments
585,703
615,645
Other financial assets – unlisted equity investments
11,837
5,425
Information regarding the Group’s exposure to price risk is set out in note 20 and fair value classification is set out
in note 21.
The fair value of these investments is based on quoted market prices being the last sale price, at the reporting
date. Listed equities are traded in an active market, with the majority of the Group’s investments being publicly
traded on the Australian Securities Exchange.
Unlisted securities do not trade in an active market. The fair value measurement of other financial assets is
approximated by the cost price.
Long term equity investments - Listed
At 31 July 2016, Washington H. Soul Pattinson and Company Limited (the Parent company) held $581.432 million
(2015: $608.030 million).
Listed and unlisted trading equities
Represents equities held by Washington H. Soul Pattinson and Company Limited (the Parent company).
Key estimate and judgements
Impairment of financial assets
In the 2016 financial statements, the Group made significant judgements about the impairment of a number of its
long term equity investments and its unlisted other financial assets.
Where there was a decrease in the share price below the cost of a long term equity investments judgement was
made as to whether the decrease was ‘significant and prolonged’, and if so the investment was considered to be
impaired.