Excel Force MSC Berhad Annual Report 2015

NOTES TO THE FINANCIAL STATEMENTS 31 December 2015 (cont’d) E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 5 103 32. FINANCIAL INSTRUMENTS (continued) (d) Fair value hierarchy (continued) The following tables set out the financial instruments carried at fair value and those not carried at fair value for which fair value is disclosed, together with their fair values and carrying amounts shown in the statements of financial position. (continued) Fair value of financial instruments carried at fair value Fair value of financial instruments not carried at fair value Total fair Carrying Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total value amount Company RM RM RM RM RM RM RM RM RM RM 2015 Financial assets Fair value through profit or loss - Short term funds 9,607,270 - - 9,607,270 - - - - 9,607,270 9,607,270 Loans and receivables - Amount owing by a subsidiary - - - - - - 2,600,000 2,600,000 2,600,000 2,191,556 Fair value of financial instruments carried at fair value Fair value of financial instruments not carried at fair value Total fair Carrying Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total value amount Company RM RM RM RM RM RM RM RM RM RM 2014 Financial assets Fair value through profit or loss - Short term funds 11,491,029 - - 11,491,029 - - - - 11,491,029 11,491,029 Loans and receivables - Amount owing by a subsidiary - - - - - - 2,800,000 2,800,000 2,800,000 2,285,813