Fair Value Framework F03-35b

Following initial recognition, what must be disclosed for each interim and annual period for each major category of asset and liability that are measured on a non-recurring basis?

• The fair value measurements at the reporting date and the reasons for the measurement
• Segregated into each of the three levels of the fair value hierarchy
• A description of the valuation techniques and inputs used to measure fair value for levels 2 and 3
• A description of the valuation process for fair value measurements in Level 3
• A disclosure if highest and best use differs from current use and why for nonfinancial assets