text: **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
  
  **NOTE 14 – FAIR VALUE MEASUREMENT**
  
  The following table presents financial assets and liabilities measured at fair value in the consolidated statement of 
  financial position in accordance with the fair value hierarchy. This hierarchy groups financial assets and liabilities 
  into three levels based on the significance of inputs used in measuring the fair value of the financial assets and 
  liabilities. The fair value hierarchy has the following levels: 
  
  Level 1:  quoted prices (unadjusted) in active markets for identical assets or liabilities; 
  
  Level 2: 
  
  inputs other than quoted prices included within Level 1 that are observable for the asset or 
  liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and 
  
  Level 3:  inputs for the asset or liability that are not based on observable market data (unobservable inputs). 
  
  The Level within which the financial asset or liability is classified is determined based on the lowest level of significant 
  input to the fair value measurement. The financial assets and liabilities measured at fair value in the statement of 
  financial position are grouped into the fair value hierarchy as follows: 