|
The following tables present trading securities assets in the Consolidated
Financial Statements or disclosed in the Notes to the Consolidated Financial Statements at fair value on a recurring basis as of
March 31, 2019 and March 31, 2018:
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Fair Value Measurements at |
| |
|
|
|
March 31, 2019 using |
| |
|
|
|
Quoted Prices in Active Markets for Identical Assets |
|
Significant Other Observable Inputs |
|
Significant unobservable units |
| |
|
|
|
| |
|
|
|
| |
|
March 31, 2019 |
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
| |
|
|
|
|
|
|
|
|
| Equity securities |
|
$ 105,017 |
|
$ 105,017 |
|
$ - |
|
$ - |
| Debt securities |
|
62,691 |
|
62,187 |
|
- |
|
504 |
| Mutual investment funds |
|
241 |
|
241 |
|
- |
|
- |
| Total trading securities |
|
$ 167,949 |
|
$ 167,445 |
|
$ - |
|
$ 504 |
| |
|
|
|
Fair Value Measurements at |
| |
|
|
|
March 31, 2018 (Recast) using |
| |
|
|
|
Quoted Prices in Active Markets for Identical Assets |
|
Significant Other Observable Inputs |
|
Significant unobservable units |
| |
|
|
|
| |
|
|
|
| |
|
March 31, 2018 (Recast) |
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
| |
|
|
|
|
|
|
|
|
| Equity securities |
|
$ 177,339 |
|
$ 177,339 |
|
$ - |
|
$ - |
| Debt securities |
|
34,986 |
|
34,986 |
|
- |
|
- |
| Mutual investment funds |
|
270 |
|
270 |
|
- |
|
- |
| Total trading securities |
|
$212,595 |
|
$212,595 |
|
$ - |
|
$ - |
| |
|
|
|
|
|
|
|
|
The table below presents the Valuation Techniques and Significant
Level 3 Inputs used in the valuation as of March 31, 2019. The table is not intended to be all inclusive, but instead captures
the significant unobservable inputs relevant to determination of fair value.
| Type |
Valuation Technique |
FV as of March 31,2019 |
Significant Unobservable Inputs |
% |
| |
|
|
|
|
| Corporate bonds |
DCF |
$ 504 |
Discount rate |
11.3% |
| |
|
|
|
|
The following table provides a reconciliation of the beginning and
ending balances for investments that use Level 3 inputs for the year ended March 31, 2019:
| |
|
Amount |
| Balance as of March 31, 2018 (Recast) |
|
$ - |
| |
|
|
| Transfer between Level 1 and Level 3 |
|
507 |
| Foreign currency translation |
|
(3) |
| |
|
|
| Balance as of March 31, 2019 |
|
$ 504 |
| |
|
|
|
March 31, 2019 |
|
|
| |
|
Assets measured at amortized cost |
|
Unrealized gain accumulated in other comprehensive income/(loss) |
|
Assets measured at fair value |
| |
|
|
|
| |
|
|
|
|
|
|
| Equity securities |
|
$ 1 |
|
$ 1 |
|
$ 2 |
| |
|
|
|
|
|
|
| Available-for-sale securities, at fair value |
|
$ 1 |
|
$ 1 |
|
$ 2 |
| |
|
|
|
March 31, 2018
(Recast)
|
|
|
| |
|
Assets measured at amortized cost |
|
Unrealized loss accumulated in other comprehensive income/(loss) |
|
Assets measured at fair value |
| |
|
|
|
| |
|
|
| Equity securities |
|
$ 261 |
|
$ (21) |
|
$ 240 |
| |
|
|
|
|
|
|
| Available-for-sale securities, at fair value |
|
$ 261 |
|
$ (21) |
|
$ 240 |
|