122
JAYA TIASA HOLDINGS BERHAD
Notes to the Financial Statements (cont’d)
for the financial year ended 30 June 2015
35. Fair value of measurement
Fair value hierarchy
The Group classifies fair value measurement using a fair value hierarchy that reflects the significance of the inputs
used in making the measurements. The fair value hierarchy has the following levels:
Level 1 - Quoted prices in active markets for identical assets or liabilities;
Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either
directly or indirectly; and
Level 3 - Inputs for the asset or liability that are not based on observable market data (unobservable inputs).
The following table provides the fair value measurement hierarchy of the Group’s assets and liabilities:
Quantitative disclosures fair value measurement hierarchy for assets and liabilities as at 30 June 2015
Date of
Level 1
Level 2
Level 3
Total
valuation RM’000
RM’000
RM’000
RM’000
Group
Assets measured at fair value
Financial assets:
Investment securities (Note 24)
30 June 2015
7
–
–
7
Liabilities for which fair values
are disclosed (Note 34 (a))
Loans and borrowings
- Non-current obligations
under finance lease
30 June 2015
–
31,795
–
31,795
Quantitative disclosures fair value measurement hierarchy for assets and liabilities as at 30 June 2014
Date of
Level 1
Level 2
Level 3
Total
valuation RM’000
RM’000
RM’000
RM’000
Group
Assets measured at fair value
Financial assets:
Investment securities (Note 24)
30 June 2014
60,061
–
–
60,061
Derivatives (Note 25)
- Forward currency contracts
30 June 2014
–
1,193
–
1,193
60,061
1,193
–
61,254
Liabilities measured at fair value
Financial liabilities:
Derivatives (Note 25)
- Cross currency swap
30 June 2014
–
666
–
666
Liabilities for which fair values
are disclosed (Note 34 (a))
Loans and borrowings
- Non-current obligations under
finance lease
30 June 2014
–
5,809
–
5,809
