MISC - Annual Report 2015

263 MISC BERHAD Annual Report 2015 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 2015 Fair value at 31 December 2014 Fair value at 31 December 2015 Fair value at 31 December 2014 Valuation techniques Unobservable inputs RM’000 RM’000 RM’000 RM’000 Assets measured  at fair value Non-current assets  held for sale - Ships (Chemical) – 912,768 923,210 912,768 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. - Leasehold building – 3,672 – 3,672 Market comparable approach Price per square foot of compa r ab l e p r ope r t i es a d j u s t e d b a s e d o n management’s assumptions for key attributes such as property size. - Plant and machinery – 6,282 – – Market comparable approach Sa l e p r i ce o f f e r ed by potential buyer. – 922,722 923,210 916,440

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