Ni Hsin Berhad Annual Report 2017

24. Financial instruments (continued) 24.6 Market risk (continued) 24.6.2 Interest rate risk (continued) Cash flow sensitivity analysis for variable rate instruments A change of 100 basis points (“bp”) in interest rates at the end of the reporting period would have increased/(decreased) post-tax profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency rates, remained constant. 2017 2016 Profit or loss Profit or loss 100 bp 100 bp 100 bp 100 bp increase decrease increase decrease RM’000 RM’000 RM’000 RM’000 Group Floating rate instruments - - (1) 1 24.7 Fair value of financial instruments The carrying amounts of cash and cash equivalents, short term receivables and payables and short term borrowings approximate their fair values due to the relatively short term nature of these financial instruments. It was not practicable to estimate the fair value of the Company’s investment in unquoted shares due to the lack of comparable quoted market prices in an active market and the fair value cannot be reliably measured. The fair values of other financial assets and liabilities, together with the carrying amounts shown in the statement of financial position, are as follows: 2017 2016 Carrying Fair Carrying Fair amount value amount value RM’000 RM’000 RM’000 RM’000 Group Investments in club memberships 128 128 320 320 Other investments 3,570 3,570 - - Company Other investments 3,570 3,570 - - The fair value of investments in club memberships is based on their latest published membership price. Notes to the financial statements (continued) Annual Report 2017 88