p 283 MISC BERHAD - Annual Report 2014 34. Fair value disclosures (cont’d.) Fair value information (cont’d.) Level 3 fair value measurements (cont’d.) The following table shows the information about fair value measurements using significant unobservable inputs within Level 3 of the fair value hierarchy: Group Corporation Fair value at 31 December 2014 Fair value at 31 December 2013 Fair value at 31 December 2014 Fair value at 31 December 2013 Valuation techniques Unobservable inputs RM’000 RM’000 RM’000 RM’000 Financial assets measured at fair value Non-current assets held for sale - Ships (Petroleum) – 94,758 – – Market comparable approach Market report on secondhand tanker price adjusted based on management’s assumptions for difference in key attributes such as size and age - Ships (Chemical) 912,768 91,018 912,768 91,018 Market comparable approach Market values determined by independent ship valuers taking into consideration the type, size and age of the ships and the assumptions that the ships are in good and seaworthy condition, to be transacted between willing buyer and willing seller
RkJQdWJsaXNoZXIy NDgzMzc=