Frontken Berhad Annual Report 2020

Annual Report 2020 136 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) Notes to the Financial Statements (cont’d) 28. 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 Instruments Fair Value Of Financial Instruments Carried At Fair Value Not Carried At Fair Value Total Carrying Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Fair Value Amount The Group RM RM RM RM RM RM RM RM 2020 Financial Asset Short-term investments – 8,352,391 – – – – 8,352,391 8,332,527 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