36. 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 2016 Fair value at 31 December 2015 Fair value at 31 December 2016 Fair value at 31 December 2015 Valuation techniques Unobservable inputs RM’000 RM’000 RM’000 RM’000 Assets measured at fair value Non-current assets held for sale - Ships 175,035 – – 923,210 Market comparable approach Sale price offered by potential buyer. Financial assets not measured at fair value Long term receivables 118,798 120,092 – – Discounted cash flow method Discounting expected f u t u r e c a s h f l o w s applying market rate of interest at the end of the reporting period. Finance lease receivables 14,434,742 4,277,999 – – Discounted cash flow method Discounting expected f u t u r e c a s h f l o w s applying market rate of interest at the end of the reporting period. 14,553,540 4,398,091 – – 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. Financial Statements 307
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