MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 277 Financial Statements 36. FAIR VALUE DISCLOSURES (CONT'D.) Fair value information (cont'd.) The different levels have been defined as follows: (a) Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. (b) Level 2 - Input other than quoted prices included within level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). (c) Level 3 - Input for the asset or liability that are not based on observable market data (unobservable input). Fair value of assets and liabilities carried at fair value Note  Level 1   Level 2   Level 3   Total  RM'000 RM'000 RM'000 RM'000 Group At 31 December 2017 Financial assets: Non-current quoted equity investment 18(a) 63,714  -  -   63,714  Interest rate swaps designated as hedging instruments 18(b) -  7,734  -  7,734  63,714  7,734  -  71,448  Non-financial asset: Non-current assets classified as held for sale 24 -  -  123,003  123,003  Financial liability: Term loans  -  (3,106,160) -  (3,106,160)