MKH Annual Report 2020

233 MKH BERHAD 44. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONT’D) (v) Borrowings (Cont’d) The Group Carrying amount RM Fair value RM 2019 Financial assets Long-term other receivables 1,108,562 489,745 Loan receivables 24,478,482 22,983,281 Financial liabilities Hire purchase liabilities 1,231,723 1,302,756 45. FAIR VALUE HIERARCHY The following table provides the fair value measurement hierarchy of the Group’s assets and liabilities at the reporting date: Fair value measurement using The Group 2020 Level 1 RM Level 2 RM Level 3 RM Total RM Land and building under property, plant  and equipment (Note 10) Factory buildings - - 16,800,288 16,800,288 Office and shoplot - - 62,523,024 62,523,024 - - 79,323,312 79,323,312 Investment properties (Note 14) Commercial properties - - 275,181,000 275,181,000 Office and shoplot - - 29,075,000 29,075,000 Education centre - - 45,000,000 45,000,000 - - 349,256,000 349,256,000 Other investment (Note 17) 132,496 - - 132,496 Biological assets (Note 24) - - 4,233,267 4,233,267 Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020