NOCERA, INC. Fair Value Disclosure
Note 9 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS
The fair value of each investment in equity instrument to be measured at fair value through profit or loss is as follows:
| December 31, 2024 | December 31, 2023 | |||||||
| Financial assets mandatorily measured at fair value through profit or loss | $ | $ | ||||||
| Funds | 210 | 208,697 | ||||||
| Total | 210 | 208,697 | ||||||
| Current | 210 | 208,697 | ||||||
| Non-Current | – | – | ||||||
| Total | 210 | 208,697 | ||||||
On January 11, 2023, the Company invested $200,000 Morgan Stanley Institutional Fund Trust. Net gain of $4,270 was recognized under changes in fair value of financial assets at fair value through profit or loss in the consolidated statement of profit or loss for the period ended December 31, 2024.
As of December 31, 2024, no financial assets at fair value through profit or loss were pledged with banks as collaterals.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | May 6, 2025 | Showing above |
| 2023 | Apr 1, 2024 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.