Sasbadi Annual Report 2020

135 ANNUAL REPORT 2020 FINANCIAL STATEMENTS (continued) 26. Financial instruments (continued) 26.7 Fair value information The carrying amounts of cash and cash equivalents, short term receivables and payables and short term borrowings reasonably approximate their fair values due to the relatively short term nature of these financial instruments. The fair values of other financial assets and liabilities, together with the carrying amounts shown in the statement of financial position, are as follows: Fair value of financial instruments carried at fair value Fair value of financial instruments not carried at fair value Total fair value Carrying amount Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2020 Financial assets Other investments 190 - 37 227 - - - - 227 227 Financial liabilities Hire purchase - - - - - - 156 156 156 143 Term loans - - - - - - 14,675 14,675 14,675 14,283 - - - - - - 14,831 14,831 14,831 14,426 2019 Financial assets Other investments 228 - 37 265 - - - - 265 265 Financial liabilities Finance lease liabilities - - - - - - 367 367 367 338 Term loans - - - - - - 17,734 17,734 17,734 16,650 - - - - - - 18,101 18,101 18,101 16,988