EXCEL FORCE MSC BERHAD Annual Report 2019

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2019 114 notes to the financial statements 31 december 2019 (cont’d) 35. Financial Instruments (Cont’d) (b) Financial risk management objectives and policies (Cont’d) (iii) Market risks (Cont’d) (c) Fair value of financial instruments The table below analyses 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 value Total carrying amount Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total RM RM RM RM RM RM RM RM RM RM Company 2019 Financial assets Quoted shares 13,703,850 - - 13,703,850 - - - - 13,703,850 13,703,850 Short-term funds 19,801,575 - - 19,801,575 - - - - 19,801,575 19,801,575 Amount due from a subsidiary company - - - - - - 800,000 800,000 800,000 750,469 33,505,425 - - 33,505,425 - - 800,000 800,000 34,305,425 34,255,894 2018 Financial assets Short-term funds 26,149,369 - - 26,149,369 - - - - 26,149,369 26,149,369 Amount due from a subsidiary company - - - - - - 1,300,000 1,300,000 1,300,000 1,173,048 26,149,369 - - 26,149,369 - - 1,300,000 1,300,000 27,449,369 27,322,417