Page 154 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

The carrying amount of fixed deposits is assumed to reasonably approximate their fair values.

The table below analyses financial instruments not carried at fair value for which fair value is
disclosed, together with their carrying amounts shown in the statement of financial position.

Fair value of financial instruments
not carried at fair value
Total carrying
Level 1 Level 2 Level 3 fair value amount
RM’000 RM’000 RM’000 RM’000 RM’000
2018
Non-current
Financial assets
Long-term receivables - - 6,324 6,324 6,324
Malaysian Government
Securities and Government
Guaranteed Bonds - 152,533 - 152,533 151,972

- 152,533 6,324 158,857 158,296

2017
Non-current
Financial assets
Long-term receivables - - 8,234 8,234 8,234
Malaysian Government
Securities and Government
Guaranteed Bonds - 245,831 - 245,831 244,017

- 245,831 8,234 254,065 252,251

Level 1 fair value
Level 1 fair value is derived from unadjusted quoted price in active markets for identical financial
assets that the entity can access at the measurement date.

Level 2 fair value
Level 2 fair value is estimated using inputs other than quoted prices included within Level 1 that
are observable for the financial assets, either directly or indirectly.

Transfers between Level 1 and Level 2 fair values
There has been no transfer between Level 1 and 2 fair values during the financial year. (2017:
no transfer in either directions)

Level 3 fair value
Level 3 fair value is estimated using unobservable inputs for the financial assets.

144 | PART 5 »» STATEMENTS, STATiSTiCS ANd ACTiviTiES

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