Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 155 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 27. FINANCIAL INSTRUMENTS (CONT’D) (e) Fair Value Information (Cont’d) (i) Fair Value of Financial Instruments Carried at Fair Value • The fair value of short-term investments is determined by reference to statements provided by the respective financial institutions, with which the investments were entered into. • There were no transfers between level 1 and level 2 during the financial year. 28. COMMITMENTS As of financial year end, the Group has the following capital commitments:- The Group 2021 2020 RM RM Purchase of property, plant and equipment 28,129,748 530,505 29. CASH FLOW INFORMATION (a) The reconciliations of liabilities arising from financing activities are as follows:- Bank Lease Borrowings Liabilities Total The Group RM RM RM 2021 At 1 January - 12,328,228 12,328,228 Changes in Financing Cash Flows Acquisition of new lease - 11,839,512 11,839,512 Repayment of borrowing principal - (3,191,224) (3,191,224) Repayment of borrowing interests - (614,836) (614,836) Non-cash changes - 947,151 947,151 At 31 December - 21,308,831 21,308,831
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