NOTES TO THE FINANCIAL STATEMENTS Cont’d 29. Financial instruments cont’d 29.8 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 table below analyses other financial instruments at fair value. 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 2022 Financial assets Unquoted shares - - 1,803 1,803 - - - - 1,803 1,803 Derivatives - 515,507 - 515,507 - - - - 515,507 515,507 - 515,507 1,803 517,310 - - - - 517,310 517,310 Financial liabilities Derivatives - (214,957) - (214,957) - - - - (214,957) (214,957) IMTN - - - - - - (2,222,997) (2,222,997) (2,222,997) (2,300,000) Bank loans - - - - - - (1,730,310) (1,730,310) (1,730,310) (1,730,310) - (214,957) - (214,957) - - (3,953,307) (3,953,307) (4,168,264) (4,245,267) 2021 Financial assets Unquoted shares - - 1,803 1,803 - - - - 1,803 1,803 Derivatives - 102,419 - 102,419 - - - - 102,419 102,419 - 102,419 1,803 104,222 - - - - 104,222 104,222 Financial liabilities Derivatives - (921,239) - (921,239) - - - - (921,239) (921,239) IMTN - - - - - - (2,300,738) (2,300,738) (2,300,738) (2,300,000) Bank loans - - - - - - (2,047,067) (2,047,067) (2,047,067) (2,047,067) - (921,239) - (921,239) - - (4,347,805) (4,347,805) (5,269,044) (5,268,306) PRESS METAL ALUMINIUM HOLDINGS BERHAD 305
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