Frontken Berhad Annual Report 2017

119 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2017 27. FINANCIAL INSTRUMENTS (CONT’D) (d) Fair Value Information The fair values of the financial assets and financial liabilities of the Group and of the Company which are maturing within the next 12 months approximated their carrying amounts due to the relatively short-term maturity of the financial instruments or repayable on demand terms. The following table sets out the fair value profile of financial instruments that are carried at fair value and those not carried at fair value at the end of the reporting period:- Fair Value Of Financial Fair Value Of Financial Instruments Total Carrying Instruments Carried At Fair Value 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 2017 Financial Asset Short-term investments 3,508,429 - - - - - 3,508,429 3,508,429 Financial Liabilities Hire purchase payables - - - - 346,797 - 346,797 348,211 Short-term borrowings - - - - 12,460,720 - 12,460,720 12,460,720 Term loans - - - - 15,836,487 - 15,836,487 15,836,487 Fair Value Of Financial Fair Value Of Financial Instruments Total Carrying Instruments Carried At Fair Value 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 2016 Financial Asset Short-term investments 8,996,233 - - - - - 8,996,233 8,996,233 Financial Liabilities Hire purchase payables - - - - 602,488 - 602,488 603,493 Short-term borrowings - - - - 4,652,400 - 4,652,400 4,652,400 Term loans - - - - 24,074,255 - 24,074,255 24,074,255 Notes To The Financial Statements (cont’d)