EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 116 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 35. FINANCIAL INSTRUMENTS (CONT’D) (c) Fair value of financial instruments (Cont’d) 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. Fair value of financial instruments carried at fair value Total fair value Total carrying amount Level 1 Level 2 Level 3 RM RM RM RM RM Group 2020 Financial assets Quoted shares 13,042,200 - - 13,042,200 13,042,200 Short-term funds 19,875,977 - - 19,875,977 19,875,977 32,918,177 - - 32,918,177 32,918,177 2019 Financial assets Quoted shares 13,703,850 - - 13,703,850 13,703,850 Short-term funds 19,801,575 - - 19,801,575 19,801,575 33,505,425 - - 33,505,425 33,505,425