Tropicana Corporation Berhad Annual Report 2023

'," FAIR#VALUE#MEASUREMENT Determination!of!fair!values!of!financial!instruments The!fair!values!of!financial!instruments!measured!at!amortised!cost!are!derived!as!follows) Non-current!financial!instruments - Estimated!by!discounting!expected!future!cash!flows!at!market!incremental!lending!rate!for!similar!types!of!lending&!borrowing!or! leasing!arrangements!at!the!reporting!date*!or Current!financial!instruments - Reasonable!approximation!of!their!carrying!values!as!they!are!either!floating!rate!financial!instruments!which!are!repriced!to!market! interest!rates&!short-term!in!nature!or!are!repayable!on!demand' The!fair!value!measurement!hierarchies!used!to!measure!assets!and!liabilities!carried!at!fair!value!in!the!statements!of!financial!position! are!as!follows) (a) Level!$ Quoted!prices!(unadjusted)!in!active!markets!for!identical!assets!or!liabilities (b) Level!" Valuation!techniques!for!which!the!lowest!level!input!that!is!significant!to!the!fair!value!measurement!is!directly!or! indirectly!observable (c) Level!+ Valuation!techniques!for!which!the!lowest!level!input!that!is!significant!to!the!fair!value!measurement!is!unobservable !Level!#! !Level!+! !Level!$! !Total! RM’""" RM’""" RM’""" RM’"""! Group $#!December!+"+$ Assets!measured!at!fair!value/ Hotel!buildings – – !)$'%"""! !)$'%"""! Other!investments !#()%'')! –! !..(! !#('%))#! Investment!properties! – –! !#%$$&%."#! !#%$$&%."#! $#!December!+"++ Assets!measured!at!fair!value/ Hotel!buildings – – !1,/&###! !1,/&###! Other!investments !$01&%+#! –! !,,0! !$0/&/$0! Investment!properties! – –! !$&+%#&,/"! !$&+%#&,/"!! Description!of!valuation!techniques!used!and!key!inputs!to!valuation!on!investment!properties!is!as!disclosed!in!Note!$0' There!were!no!transfers!between!Level!$&!Level!"!and!Level!+!during!the!financial!year' 289 FINANCIAL STATEMENTS & OTHER INFORMATION

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