financial assets, were listed during 2010, ₩94,102 million of level 3 as of December 31, 2009 and January 1, 2009 was transferred to level 1 (₩238,238 million as of December 31, 2010).
The fair value of financial instruments traded in active markets is based on quoted market prices at the balance sheet date. A market is regarded as active if quoted prices are readily and regularly availabl
in the corporate equity markets. Hedge funds have traditionally been limited to sophisticated, wealthy investors. Over time, the activities of hedge funds broadened into other financial instruments and activities. Today, the term "hedge fund" refers not so much to hedging techniques, which hedge funds may or may not employ, as it does to their status as private and unregistered investment pools.
image of the casino industry by promoting various activities that contribute to the society. In addition, all employees of GKL are making efforts under the top-priority corporate scheme to overcome any negative view and biases of the casino industry. GKL has been aiming to become a premier company that pursues high profitability and contributing to the national through a consistent profit model.
D. Does the cash flows statement add any further information to that provided by the income statement or the balance sheet? Explain.
The statement of cash flows is needed to form a complete picture of the financial position of a company. It shows all the cash collected and all the cash disbursed during the period. And each cash flow relates to one of three business activities: operating, in