34. FINANCIAL INSTRUMENTS (CONTINUED) 34.7 Fair value information The carrying amounts of cash and cash equivalents, short-term receivables and payables and short-term borrowings reasonably approximate their fair values due to the relatively short-term nature of these 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. Fair value of financial instruments Fair value of financial instruments carried at fair value not carried at fair value Total Carrying Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total fair value amount Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 31.12.2024 Financial liabilities Loans and borrowings - - - - - (133,316) - (133,316) (133,316) (133,316) 31.12.2023 Financial liabilities Loans and borrowings - - - - - (297,403) - (297,403) (297,403) (297,403) Company 31.12.2024 Financial liabilities Loans and borrowings - - - - - (105,000) - (105,000) (105,000) (105,000) 31.12.2023 Financial liabilities Loans and borrowings - - - - - (50,000) - (50,000) (50,000) (50,000) 195 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024
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