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Asia Media Group Berhad
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Annual Report 2015
Notes to the Financial Statements
(continued)
pg.
118
25. Fair value of financial instruments (cont’d)
Determination of fair value (cont’d)
Financial instruments that are not carried at fair value and whose carrying amounts are reasonable
approximation of fair value (cont’d)
The carrying amounts of the above financial assets and liabilities are reasonable approximation
of fair values due to their short-term nature.
It was not practicable to estimate the fair value of the Group’s and Company’s investment in
unquoted shares due to the lack of comparable quoted prices in an active market and the fair
value cannot be reliable measured.
Fair value, which is determined for disclosure purposes is calculated based on the present value
of future principal and interest cash flows, discounted at the average market rate of interest at
the end of the reporting period.
Fair value of financial instruments by classes that are carried at fair value
Fair value hierarchy
Financial instruments that are measured in the statement of financial position at fair value are
disclosed by the following fair value measurement hierachy:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the
asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices);
and
Level 3: Inputs for the asset or liability that are not based on observable market data
(unobservable inputs).
There are no financial assets or liabilities of the Group or of the Company which are carried at
fair value.