5 Earnings per Share (continued)
| Six months to 31 July 2022 | Period from 26 April 2021 to 31 July 2021 | Period from 27 April 2021 to 31 January 2022 |
|---|
| C shares | US$'000 | $ | US$'000 | $ | US$'000 | $ |
|---|
| Revenue return on ordinary activities after taxation | (2,162) | (0.31) | (250) | (0.04) | (1,934) | (0.28) |
|---|
| Capital return on ordinary activities after taxation | (72,957) | (10.42) | 3,760 | 0.54 | (12,019) | (1.72) |
|---|
| (Loss)/profit and total comprehensive (loss)/income for the period | (75,119) | (10.73) | 3,510 | 0.50 | (13,953) | (2.00) |
|---|
| Weighted average number of C shares in issue | 700,000,000 | 700,000,000 | 700,000,000 |
|---|
There were no dividends paid or proposed in respect of the six months for either the ordinary shares or for the C shares (2021 – none).
The fair value hierarchy used to analyse the fair values of financial assets is described below. The levels are determined by the lowest (that is the least reliable or least independently observable) level of input that is significant to the fair value measurement for the individual investment in its entirety as follows:
Level 1 – using unadjusted quoted prices for identical instruments in an active market;
Level 2 – using inputs, other than quoted prices included within Level 1, that are directly or indirectly observable (based on market data); and
Level 3 – using inputs that are unobservable (for which market data is unavailable).
| As at 31 July 2022 | Level 1
US'000 | Level 2
US'000 | Level 3
US'000 | Total
US'000 |
|---|
| Listed equities | 134,966 | - | - | 134,966 |
|---|
| Unlisted ordinary shares | - | - | 181,929 | 181,929 |
|---|
| Unlisted preference shares* | - | - | 745,634 | 745,634 |
|---|
| Unlisted convertible promissory notes | - | - | 4,390 | 4,390 |
|---|
| Total financial asset investments | 134,966 | - | 931,953 | 1,066,919 |
|---|