SCC Holdings Berhad Annual Report 2017

80 SCC Holdings Berhad (511477-A) | Annual Report 2017 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (CONT’D) 30. Financial Instruments (Cont’d) (b) Financial risk management objectives and policies (cont’d) (ii) Market risks (cont’d) (b) Interest rate risk (cont’d) Interest rate risk sensitivity analysis Fair value sensitivity analysis for fixed rate instruments The Group and the Company do not account for any fixed rate financial assets at fair value through profit or loss. Therefore, a change in market interest rates at the end of the reporting period would not affect profit or loss. (c) Fair value of financial instruments The carrying amounts of receivables and payables, cash and cash equivalents and borrowings approximate their fair value due to the relatively short term nature of these financial instruments and insignificant impact of discounting. The table below analyses financial instruments not carried at fair value for which fair value is disclosed, together with their fair values and carrying amounts shown in the statements of financial position. Fair value of Fair value of financial financial instruments instruments carried not carried at fair value at fair value Total fair Carrying Level 1 Level 2 value amount RM’000 RM’000 RM’000 RM’000 Group 2017 Financial Assets Investment securities 68 - 68 68 Other investments 14,324 - 14,324 14,324 Financial Liabilities Finance lease liabilties - - - - 2016 Financial Assets Investment securities 54 - 54 54 Other investments 14,490 - 14,490 14,490 Financial Liabilities Finance lease liabilties - 24 24 25 Company 2017 Financial Assets Other investments 6,626 - 6,626 6,626 2016 Financial Assets Other investments 4,972 - 4,972 4,972