Yinson Annual Report 2018

Notes to the Financial Statements (Cont’d) For the financial year ended 31 January 2018 40. FAIR VALUE MEASUREMENT (a) Fair value hierarchy The following table provides the fair value measurement hierarchy of the Group’s assets and liabilities. Fair value measurement using Quoted prices in Significant Significant active observable unobservable market inputs inputs Level 1 Level 2 Level 3 Total RM’000 RM’000 RM’000 RM’000 At 31 January 2018 Non-financial asset: Investment properties – – 24,308 24,308 Financial assets: Derivatives – 1,640 – 1,640 Other investments – 79,901 – 79,901 Financial liability: Interest rate swaps – 46,162 – 46,162 At 31 January 2017 Non-financial asset: Investment properties – – 29,931 29,931 Financial assets: Other investments 3,126 24,170 – 27,296 Financial liability: Interest rate swaps – 102,456 – 102,456 The Group classifies fair value measurement using the 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 (unadjusted) market prices in active markets for identical assets or liabilities; Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable; and Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable. There have been no transfers between the three levels of fair value measurements during the financial years ended 31 January 2018 and 31 January 2017. 174 Yinson Holdings Berhad Annual Report 2018 Accountability