119
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
(cont’d)
27. FINANCIAL INSTRUMENTS (CONT’D)
(d) Fair Value Information
Other than those disclosed below, the fair values of the financial assets and financial liability maturing within the next 12 months approximated
their carrying amount due to the relatively short-term maturity of the financial instruments. This fair value is included in level 2 of the fair
value hierarchy.
Fair Value Of Financial
Fair Value Of Financial
Total
Carrying
Instruments Carried At Fair Value
Instruments Not Carried At Fair Value Fair Value
Amount
Level 1
Level 2
Level 3
Level 1
Level 2
Level 3
The Group
RM
RM
RM
RM
RM
RM
RM
RM
2014
Financial Liabilities
Hire purchase payables
–
–
–
–
2,418,054
– 2,418,054 2,416,594
Short-term borrowings
–
–
–
–
6,215,515
–
6,215,515 6,215,515
Term loans
–
–
–
– 28,906,045
– 28,906,045 28,906,045
2013
Financial Liabilities
Hire purchase payables
–
–
–
–
3,653,761
– 3,653,761 3,832,438
Short-term borrowings
–
–
–
–
3,094,300
–
3,094,300 3,094,300
Term loans
–
–
–
– 29,356,849
– 29,356,849 29,356,849
