152 / 178
150
GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
35. FINANCIAL INSTRUMENTS (continued)
(d) Fair value hierarchy (continued)
The following tables set out the financial instruments carried at fair value and those not carried at fair
value for which fair value is disclosed, together with their fair values and carrying amounts shown in the
statements of financial position. (continued).
Fair values of financial instruments
carried at fair value
Fair values of financial instruments not
carried at fair value
Total
Carrying
Level 1 Level 2 Level 3 Total
Level 1 Level 2 Level 3 Total
fair value amount
RM RM RM RM RM RM RM RM RM RM
2014
Group
Financial assets
Financial assets at
available-for-sale
- Available-for-sale
investments
- 8,000,000
- 8,000,000
-
-
-
- 8,000,000 8,000,000
Financial liabilities
Other financial
liabilities
- Hire purchase
creditors
-
-
-
-
- 6,409,085
- 6,409,085 6,409,085 6,382,268
Company
Financial liabilities
Other financial
liabilities
- Hire purchase
creditors
-
-
-
-
- 319,001
- 319,001 319,001 322,515
(e) The following table shows sensitivity analysis for the Level 3 fair values measurements:
2015
2014
Company
RM
RM
Profit after tax
Discount rate
- Increase by 0.1%
-
(3,733)
- Decrease by 0.1%
-
3,733
(f) The Group has guidelines in respect to the measurement of fair values of financial instruments. The
management regularly reviews significant unobservable inputs and valuation adjustments.