2012 Annual Report - Media Prima Berhad

Media Prima Berhad
Notes to
the Financial Statements
for the financial year ended 31 December 2012
45 FAIR VALUE (CONTINUED)
Fair value (continued)
The fair values of other financial assets and liabilities, together with the carrying amounts shown in the statement of
financial position, are as follows: (continued)
2012 2011 1.1.2011
Company
Carrying Carrying Carrying
amount Fair value amount Fair value amount Fair value
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Commercial paper medium
term notes (non-current)* 300,144 300,144 – – – –
Bank guarantee medium
term notes (non-current)* – – – – 99,226 99,226
Term loans (unsecured)
(non-current)* – – 187,000 187,000 201,000 201,000
Redeemable fixed rate
bonds* 148,353 148,353 146,679 146,679 145,008 145,008
* The fair value of these financial instruments has been estimated using future contractual cash flows discounted
at current market interest rates available for similar financial instruments/loans.
^
The fair value of these items has been estimated using quoted market prices at financial position dates.
** The fair values of the unquoted shares are based on market value of the unlisted securities derived from arm’s
length transactions.
Fair value hierarchy
The table below analyses financial instruments carried at fair value, by valuation method. The different levels have
been defined as follows:
• 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).
• Level 3: Inputs for the assets or liability that are not based on observable market data (unobservable inputs).
Group
2012
Level 1 Level 2 Level 3 Total
RM’000 RM’000 RM’000 RM’000
Financial assets
Investment in quoted shares 2 – – 2
Investment in unquoted shares – 2,613 – 2,613
2 2,613 – 2,615
244
annual
report
2012