DESTINI Annual Report 2020

Fair valueof financial instruments carried at fair value Level 1 Level 2 Level 3 Total Total fair value Carrying Amount RM RM RM RM RM RM Group 2020 Financial Asset Investment in securities 3,436,456 - - 3,436,456 3,436,456 3,436,456 2019 Financial Asset Investment in securities 430,134 - - 430,134 430,134 430,134 Company 2020 Financial Asset Investment in securities 3,436,456 - - 3,436,456 3,436,456 3,436,456 2019 Financial Asset Investment in securities 430,134 - - 430,134 430,134 430,134 38. Financial Instruments (Cont’d) (d) Fair values of financial instruments (Cont’d) The carrying amounts of short-term receivables and payables, cash and cash equivalents and short-term borrowings approximate their fair value due to the relatively short-term nature of these financial instruments and/or insignificant impact of discounting. ANNUAL REPORT 2020 DESTINI BERHAD Notes to Financial Statements 192