KUB Malaysia Berhad Annual Report 2021

37. FAIR VALUE OF FINANCIAL INSTRUMENTS The fair values of financial assets and liabilities of the Group and of the Company as at 30 June 2021 and 31 December 2019 are not materially different from their carrying values due to the relatively short-term maturity of these financial instruments or that they are floating rate instruments that are re-priced to market interest rates on or near the end of the reporting period except for: Group 30.6.2021 31.12.2019 Carrying Fair Carrying Fair amount value amount value RM’000 RM’000 RM’000 RM’000 Financial liabilities at amortised cost Term loans (Note 27) 1,734 1,643 75,600 72,156 Hire purchase payables (Note 27) 59 58 602 591 Company 30.6.2021 31.12.2019 Carrying Fair Carrying Fair amount value amount value RM’000 RM’000 RM’000 RM’000 Financial liabilities at amortised cost Hire purchase payables (Note 27) - - 116 115 Fair value of financial instruments that are carried at fair value The following table shows an analysis of financial instruments carried at fair value by level of fair value hierarchy: Level 1 Level 2 Level 3 Total RM’000 RM’000 RM’000 RM’000 Group As at 30 June 2021 Financial assets: Fair value through other comprehensive income - investment in quoted shares (Note 20) 5,195 - - 5,195 Fair value through profit or loss - investment in unquoted shares (Note 20) - - 1,429 1,429 Financial liabilities: Derivatives - Forward currency contracts (Note 29) - 18 - 18 Group As at 31 December 2019 Financial assets: Fair value through other comprehensive income - investment in quoted shares (Note 20) 5,339 - - 5,339 Fair value through profit or loss - investment in unquoted shares (Note 20) - - 1,657 1,657 Financial liabilities: Derivatives - Forward currency contracts (Note 29) - 21 - 21 129 ANNUAL REPORT 2021 FINANCIAL STATEMENTS