Chemical Company of Malaysia Berhad Annual Report 2019

25. Financial instruments (continued) 25.7Fair value information The carrying amounts of cash and cash equivalents, short term receivables and payables and short termborrowings reasonably approximate their fair values due to the relatively short term nature of these financial instruments. The table below analyses financial instruments carried at fair value and those not carried at fair value for which fair value is disclosed, together with their fair values and carrying amounts shown in the statement of financial position. Fair value of financial instruments carried at fair value Fair value of financial instruments not carried at fair value Total fair value Carrying amount Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total 2019 Group Financial assets Other investment – clubmembership - - 280 280 - - - - 280 280 Highly liquid investments with financial institutions 72,884 - - 72,884 - - - - 72,884 72,884 Financial liabilities Unsecured term loan - - - - - - (175,081) (175,081) (175,081) (175,080) 72,884 - 280 73,164 - - (175,081) (175,081) (101,917) (101,916) BUSINESS OVERVIEW OTHER INFORMATION GOVERNANCE STRUCTURE 201 ANNUAL REPORT 2019 FINANCIAL STATEMENTS