MKH Berhad 229 45. FAIR VALUE HIERARCHY (CONT’D) The following table provides the fair value measurement hierarchy of the Group’s assets and liabilities at the reporting date: (Cont’d) Fair value measurement using The Group Level 1 Level 2 Level 3 Total 2020 RM RM RM 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 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 - 3,983,433 - 3,983,433 Loan receivables - 27,343,516 - 27,343,516 - 31,326,949 - 31,326,949 The land and building under property, plant and equipment were revalued by directors in September 2020 based on independent professional valuation. The fair values of these assets were within level 3 of the fair value hierarchy using significant unobservable inputs. Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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