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FIMA CORPORATION BERHAD
(21185-P) |
Annual Report
2016
NOTES TO THE FINANCIAL
STATEMENTS 31 MARCH 2016
(contd.)
34. FINANCIAL INSTRUMENTS
(a) Classification of financial instruments
The fair value measurement hierarchies used to measure assets and liabilities carried at fair value in
the statements of financial position as at 31 March 2016 are as follows:
Level 1 - the fair value is measured using quoted prices (unadjusted) in active markets for identical
assets or liabilities
Level 2 - the fair value is measured using 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 - the fair value is measured using inputs for the asset or liability that are not based on
observable market data (unobservable inputs)
The following table presents the Group’s and the Company’s other financial assets that are measured
at fair value as at 31 March 2016 and 31 March 2015.
Group Company
Date of
Level 3
Level 3
Valuation
RM’000
RM’000
Assets Disclosed at Fair Value:
Investment properties (Note 13)
31 March 2015 63,850
51,850
As at 31 March 2015
Assets Measured at Fair Value:
Property, plant and equipment (Note 12)
- Freehold land
31 March 2015
1,550
1,550
- Leasehold land
31 March 2015 74,175
-
- Buildings
31 March 2015
9,056
150
Assets Disclosed at Fair Value:
Investment properties (Note 13)
31 March 2015 66,400
53,900