p 277 MISC BERHAD - Annual Report 2014 34. Fair value disclosures (cont’d.) Fair value information (cont’d.) The different levels have been defined as follows: (a) Level 1 Quoted prices (unadjusted) in active markets for identical assets or liabilities (b) Level 2 Input 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) (c) Level 3 Input for the asset or liability that are not based on observable market data (unobservable input) At 31 December 2014 Fair value of assets and liabilities carried at fair value Level 1 Level 2 Level 3 Total Note RM’000 RM’000 RM’000 RM’000 Group Financial assets: Non-current quoted equity investment 18(a) 74,333 – – 74,333 Forward exchange contract 18(b) – 246 – 246 74,333 246 – 74,579 Non-financial assets: Non-current assets classified as held for sale 23 – – 922,722 922,722
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