Excel Force MSC Berhad Annual Report 2016

31. FINANCIAL INSTRUMENTS (cont’d) (d) Fair value hierarchy (cont’d) 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 (cont’d). 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 2016 Financial assets Fair value through profit or loss - Short term funds 15,882,729 - - 15,882,729 - - - - 15,882,729 15,882,729 Loans and receivables - Amount owing by a subsidiary - - - - - - 2,400,000 2,400,000 2,400,000 2,040,905 2015 Financial assets Fair value through profit or loss 9,607,270 - - 9,607,270 - - - - 9,607,270 9,607,270 - Short term funds Loans and receivables - Amount owing by a subsidiary - - - - - - 2,600,000 2,600,000 2,600,000 2,390,418 EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 Notes to the Financial Statements 31 December 2016 (cont’d) 103