MKH Annual Report 2020

234 FINANCIAL STATEMENTS ANNUAL REPORT 2020 45. FAIR VALUE HIERARCHY (CONT’D) Fair value measurement using The Group Level 1 RM Level 2 RM Level 3 RM Total RM 2020 Liability for which fair value is disclosed (Note 44) Hire purchase payables - 1,175,807 - 1,175,807 Asset for which fair value is disclosed (Note 44) Long-term other receivables - 960,886 - 960,886 Loan receivables - 27,343,516 - 27,343,516 - 28,304,402 - 28,304,402 2019 Investment properties (Note 14) Commercial properties - - 237,500,000 237,500,000 Office and shoplot - - 29,940,000 29,940,000 Education centre - - 45,000,000 45,000,000 - - 312,440,000 312,440,000 Biological assets (Note 24) - - 5,181,734 5,181,734 Liability for which fair value is disclosed (Note 44) Hire purchase payables - 1,302,756 - 1,302,756 Asset for which fair value is disclosed (Note 44) Long-term other receivables - 489,745 - 489,745 Loan receivables - 22,983,281 - 22,983,281 - 23,473,026 - 23,473,026 The land and building under property, plant and equipment were revalued by directors in September 2020 based on independent professional valuation. The fair value of these assets are within level 3 of the fair value hierarchy using significant unobservable inputs.