197 / 222
FINANCIAL REPORTS
189
Bursa Malaysia •
Annual Report 2015
NOTES TO THE
FINANCIAL STATEMENTS
31 DECEMBER 2015
38. Fair value
(a) Financial instruments that are carried at fair value
AFS financial assets are measured at fair value at different measurement hierarchies (i.e. Levels 1, 2 and 3). The hierarchies reflect the level of
objectiveness of inputs used when measuring the fair values.
(i) Level 1: Quoted prices (unadjusted) of identical assets in active markets
Quoted equity is measured at Level 1. The fair value of quoted equity is determined directly by reference to its published market bid price
as at the financial year end.
(ii) Level 2: Inputs other than at quoted prices included within Level 1 that are observable for the asset, either directly (i.e. prices) or indirectly
(i.e. derived from prices)
Unquoted bonds are measured at Level 2. The fair value of unquoted bonds is determined by reference to the published market bid price of
unquoted fixed income securities based on information provided by Bond Pricing Agency Malaysia Sdn Bhd.
(iii) Level 3: Inputs for the asset that are not based on observable market data (unobservable inputs)
The Group and the Company do not have any financial assets in Level 3 as at the current and previous financial years.
Group
Level 1
Level 2
Total
RM’000
RM’000
RM’000
At 31 December 2015
Asset
AFS financial assets
148,667
84,782
233,449
At 31 December 2014
Asset
AFS financial assets
118,631
106,832
225,463