MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS MISC BERHAD | Annual Report 2017 276 35. SEGMENT INFORMATION (CONT'D.) (c) Information about major customers (cont'd.) 2017 RM'000 2016 RM'000 Third Parties: - Sabah Shell Petroleum Company Limited 898,817 384,366 - British Petroleum 265,884 329,317 - CITGO Petroleum Corporation 252,788 272,715 - Royal Dutch Shell PLC 246,428 359,459 - Marine Well Containment Company 234,708 261,132 - VALERO Group 216,305 54,170 - Petrofac (Malaysia) Limited 188,776 137,211 - Saudi Petroleum 187,047 185,796 - Yemen LNG 172,977 156,646 2,663,730 2,140,812 36. FAIR VALUE DISCLOSURES Fair value information The carrying amounts of cash and cash equivalents, short term receivables and payables and short term borrowings reasonably approximate their fair values due to the relatively short term nature of these financial instruments. It was not practicable to estimate the fair value of the Group’s investments in unquoted shares due to the lack of comparable quoted prices in an active market and the fair value cannot be reliably measured. The following table analyses financial instruments carried at fair value and those not carried at fair value, together with their fair values and carrying amounts shown in the statements of financial position.