FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 218 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 4 FINANCIAL RISK MANAGEMENT (Cont’d.) (c) Fair value estimation Financial instruments that are measured in the statement of financial position at fair value are disclosed by the following fair value measurement hierarchy: • Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1). • Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (Level 2). • Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (Level 3). The following table presents the Group’s assets and liabilities that are measured at fair value at 31 December 2013 and 31 December 2012: 2013 Level 1 Level 2 Level 3 Total RM’000 RM’000 RM’000 RM’000 Assets Financial assets at fair value through profit or loss: (i) Derivatives - Foreign exchange forward contracts - 1,841 - 1,841 - Commodities futures contracts 1,658 - - 1,658 (ii) Trading securities 12,955 - - 12,955 Available-for-sale financial assets: Equity securities 24,273 - 187,302 211,575 Investment properties - 129,628 - 129,628 Total assets 38,886 131,469 187,302 357,657 Liabilities Financial liabilities at fair value through profit or loss: (i) LLA liability - - 4,844,390 4,844,390 (ii) Derivatives - Foreign exchange forward contracts - 13,631 - 13,631 - Commodities futures contracts 1,730 - - 1,730 Total liabilities 1,730 13,631 4,844,390 4,859,751