Frontken Berhad Annual Report 2019

129 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 30. FINANCIAL INSTRUMENTS (CONT’D) (e) 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 2019 Financial Asset Short-term investments - 10,684,259 - - - - 10,684,259 10,684,259 Financial Liability Term loans - - - - 843,865 - 843,865 843,865 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 2018 Financial Asset Short-term investments - 13,288,430 - - - - 13,288,430 13,288,430 Financial Liabilities Hire purchase payables - - - - 2,204,118 - 2,204,118 2,203,530 Term loans - - - - 11,447,968 - 11,447,968 11,447,968 Notes To The Financial Statements (cont’d)