MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 281 Financial Statements 36. FAIR VALUE DISCLOSURES (CONT'D.) Fair value information (cont'd.) Fair value of financial instruments not carried at fair value Note  Level 1   Level 2   Level 3   Total  Carrying amount RM'000 RM'000 RM'000 RM'000 RM'000 Corporation At 31 December 2017 Financial assets: Non-current unquoted equity investments 18(a) -  -  *  *  45,538  Loans to subsidiaries 18(a) -  1,879,148  -  1,879,148  1,922,091  -  1,879,148  *  1,879,148  1,967,629  At 31 December  2016 Financial assets : Non-current unquoted equity investments 18(a) -  -  *  *  53,101  Loans to subsidiaries 18(a) -  4,536,559  -  4,536,559  4,709,895  Loans to a joint venture 18(a) -  47,729  -  47,729   47,887  -  4,584,288  *  4,584,288  4,810,883  Financial liabilities: Loans from subsidiaries 18(c) -  (711,925) -  (711,925) (769,533) * The unquoted equity investments are measured at cost since they do not have a quoted market price in an active market and the fair value cannot be reliably measured.