Annual Report
2015
|
DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
87
2.
Significant accounting policies (cont’d)
(s) Fair value measurements (cont’d)
When measuring the fair value of an asset or a liability, the Group uses observable market data as
far as possible. Fair value are categorised into different levels in a fair value hierarchy based on the
input used in the valuation technique as follows:
Level 1:
quoted prices (unadjusted) in active markets for identical assets or liabilities that the
Group can access at the measurement date.
Level 2:
inputs or the asset or liability, either directly or indirectly.
Level 3:
unobservable inputs for the asset or liability.
The Group recognises transfers between levels of the fair value hierarchy as of the date of the event
or change in circumstances that caused the transfers.
Notes to the
Financial Statements
(cont’d)
