Registration No. 200301030845 (633265-K) - 152 - 39. Financial Instruments (Cont’d) (c) 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. Total Carrying Level 1 Level 2 Level 3 Total fair value amount RM RM RM RM RM RM Group 31.12.2022 Financial Asset Investment in securities 130,000 - - 130,000 130,000 130,000 Company 31.12.2022 Financial Asset Investment in securities 130,000 - - 130,000 130,000 130,000 Fair value of financial instruments carried at fair value 229 DESTINI BERHAD ANNUAL REPORT 2024
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