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181
Maxis Berhad
Annual Report 2014
Notes to the
Financial Statements
31 December 2014
33 FINANCIAL RISK MANAGEMENT (CONTINUED)
(e) Fair value estimation (continued)
Level 2: inputs 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).
Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
(i) Financial instruments carried at amortised cost
The carrying amounts of financial assets and liabilities of the Group and of the Company at the reporting date approximated
their fair values except as set out below measured using Level 3 valuation technique:
Group
Company
Note
Carrying
amount
RM’000
Fair
value
RM’000
Carrying
amount
RM’000
Fair
value
RM’000
At 31 December 2014
Financial asset:
Loan to a subsidiary
17
-
-
1,205,763
1,189,095
Financial liability:
Borrowings
- finance lease liabilities
30(a)
11,855
9,602
-
-
- Islamic Medium Term Notes
30(e)
2,484,105 2,502,657
2,484,105 2,502,657
At 31 December 2013
Financial asset:
Loan to a subsidiary
17
-
-
1,205,703
1,191,154
Financial liability:
Borrowings
- finance lease liabilities
30(a)
11,795
8,744
-
-
- Islamic Medium Term Notes
30(e)
2,482,750
2,463,073
2,482,750
2,463,073
The valuation technique used to derive the Level 3 disclosure for financial asset is based on the estimated cash flow and
discount rate of the underlying counterparty while financial liability is based on the estimated cash flow and discount rate
of the Group and Company.
