MISC Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 327 MISC BERHAD ANNUAL REPORT 2018 326 37. FAIR VALUE DISCLOSURES (CONT'D.) Fair value information (cont'd.) 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 Corporation At 31 December 2018 Financial assets: Quoted equity investment 19(a) 47,786  -  -  47,786 Unquoted equity investments 19(a) - - 73,850 73,850 47,786 - 73,850 121,636 Financial liability: Loans from subsidiaries 19(c) -  (4,011,148)  -  (4,011,148)  At 31 December 2017 Financial asset: Quoted equity investment 19(a) 63,714  -  -  63,714  Non-financial asset: Non-current asset classified as held for sale  25  -  -  40,595  40,595  Financial liability: Loans from subsidiaries 19(c) -  (4,949,205) -  (4,949,205)  37. 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 2018 Financial assets: Loans to subsidiaries 19(a) -  1,082,331 - 1,082,331 1,232,872 Financial lease receivables 19(d) -  -  961,839  961,839  1,082,591 -  1,082,331  961,839  2,044,170  2,315,463 At 31 December 2017 Financial assets: Unquoted equity investments 19(a) -  -  *  *  45,538  Loans to subsidiaries 19(a) -  1,879,148  -  1,879,148  1,922,091  -  1,879,148  *  1,879,148  1,967,629  * In the previous financial year, the unquoted equity investments are measured at cost under MFRS 139.