Annual Report 2012 - IOI Group

NOTES TO THEFINANCIAL STATEMENTS42. FINANCIAL INSTRUMENTS (Continued)42.3 Price fluctuation risk (Continued)42.3.2 Price risk exposure (Continued)Contract and Notional valueFair value attributed toprice changes at period closingCompany< 1 year > 1 year Total < 1 year > 1 year TotalRM’000 RM ’000 RM’000 RM’000 RM’000 RM’0002012Equity basedOther investments 9,585 – 9,585 6,477 – 6,4776,477 – 6,4772011Commodity basedCPO swap – short 18,000 – 18,000 2,640 – 2,640CPO swap – long (18,000) – (18,000) (2,640) – (2,640)Equity basedOther investments 11,892 – 11,892 7,087 – 7,0877,087 – 7,087Fair value hierarchyThe following table provides an analysis of financial instruments that are measured subsequent to initial recognitionat fair value, grouped into Level 1 to 3 based on the degree to which the fair value is observable.Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identicalassets or liabilities.Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).Level 3 fair value measurements are those derived from inputs for the asset or liability that are not based onobservable market data (unobservable inputs).228IOI CORPORATION BERHADAnnual Report 2012