Annual Report 2012 - IOI Group

42. FINANCIAL INSTRUMENTS (Continued)42.3 Price fluctuation risk (Continued)42.3.2 Price risk exposure (Continued)Fair value hierarchy (Continued)RM’000Fair value attributed to price changes at period closingHierarchy of the underlying variableGroupinput used in measuring fair valuationLevel 1 Level 2 Level 3 Total2012Commodity basedForward sales contracts 25,335 – – 25,335Forward purchase contracts 8,121 – – 8,121Commodity derivatives 7,457 – – 7,457Equity basedOther investments 68,902 – 6,300 75,202109,815 – 6,300 116,1152011Commodity basedForward sales contracts 70,325 – – 70,325Forward purchase contracts (30,168) – – (30,168)Commodity derivatives 24,820 – – 24,820CPO swap – short 2,640 – – 2,640Equity basedOther investments 63,515 – 1,912 65,427131,132 – 1,912 133,044There were no transfers between all 3 levels of the fair value hierarchy.Annual Report 2012IOI CORPORATION BERHAD 229