Yinson Annual Report 2020

299 Annual Report 2020 40. Fair value measurement (continued) (a) Fair value hierarchy (continued) The following table provides the fair value measurement hierarchy of the Group’s assets and liabilities. (continued) Fair value measurement using Quoted prices in active market Level 1 Significant observable inputs Level 2 Significant unobservable inputs Level 3 Total RM’000 RM’000 RM’000 RM’000 At 31 January 2019 Non-financial asset: Investment properties - - 20,108 20,108 Financial assets: Interest rate swaps - 893 - 893 Other investments - 72,226 - 72,226 Financial liability: Interest rate swaps - 39,440 - 39,440 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 were no transfers between Levels 1 and 2 and between Levels 2 and 3 during the current financial year.