MISC - Annual Report 2015

264 REDISCOVER |  REBUILD |  SUSTAIN Notes to the financial statements - 31 December 2015 34. Fair value disclosures (cont’d.) Fair value information (cont’d.) Level 3 fair value measurements (cont’d.) 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 Financial assets not  measured at  fair value Long term receivables 120,092 100,038 – – Discounted cash flow method Discounting expected future cash flows at the market rate of interest at the end of the reporting period. Finance lease  receivables 4,277,999 3,952,065 – – Discounted cash flow method Discounting expected future cash flows at the market rate of interest at the end of the reporting period. 4,398,091 4,052,103 – – An increase in market values of comparable assets used in the above valuation would result in an increase in the fair values and vice versa.

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