NOTES TO THE FINANCIAL STATEMENTS
For The Financial Period From 1 January 2014 To 31 March 2015 (Cont’d)
121
Datasonic Group Berhad
(Company No. 809759-X)
45. FINANCIAL INSTRUMENTS (CONT’D)
45.4 FAIR VALUE INFORMATION (CONT’D)
Fair Value Of Financial Instruments Fair Value Of Financial Instruments
Total
Carried At Fair Value
Not Carried At Fair Value
Fair
Carrying
Level 1 Level 2 Level 3
Level 1 Level 2 Level 3
Value Amount
The Company
RM’000 RM’000 RM’000
RM’000 RM’000 RM’000
RM’000
RM’000
31.3.2015
Financial Liabilities
Hire purchase payable
–
–
–
–
108
–
108
108
Term financing
–
–
–
–
15,814
–
15,814
15,814
31.12.2013
Financial Liability
Hire purchase payable
–
–
–
–
130
–
130
130
(a) The fair values above are for disclosure purposes and have been determined using the following basis:-
(i) The fair value of the club membership is estimated based on its market price.
(ii) The fair values of trade receivables (non-current) are determined using discounted cash flows based on risk-free rate of 3.75%
(31.12.2013 – nil).
(iii) The fair values of hire purchase payable, term financing and term loans are determined by discounting the relevant cash
flows using interest rates for similar instruments at the end of the financial period/year. The interest rates used to discount the
estimated cash flows are as follows:-
Group
Company
31.3.2015 31.12.2013 31.3.2015 31.12.2013
%
%
%
%
Hire purchase payable
4.53
4.53
4.53
4.53
Term financing
4.45 to 5.85
–
4.45 to 5.85
–
Term loans
4.45 to 5.85 5.45 to 5.60
–
–
(b) In regard to financial instruments carried at fair value, there were no transfer between level 1 and level 2 during the financial period.
