FGV Annual Report 2014

4 Financial Risk Management (continued) (c) Fair value estimation Amounts 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 financial assets and liabilities that are measured at fair value at 31 December 2014 and 31 December 2013: Group Level 1 Level 2 Level 3 Total 2014 RM’000 RM’000 RM’000 RM’000 Assets Financial assets at fair value through profit or loss: (i) Derivatives – Foreign exchange forward contracts – 529 – 529 – Commodities futures contracts 14,808 – – 14,808 (ii) Trading securities 21,431 – – 21,431 Available-for-sale financial assets 24,846 – 218,839 243,685 Total assets 61,085 529 218,839 280,453 Liabilities Financial liabilities at fair value through profit or loss: (i) LLA liability – – 4,680,829 4,680,829 (ii) Derivatives – Foreign exchange forward contracts – 15,271 – 15,271 – Commodities futures contracts 17,121 – – 17,121 Total liabilities 17,121 15,271 4,680,829 4,713,221 Felda Global Ventures Holdings Berhad pg 208 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2014