UEM EDGENTA BERHAD Integrated Annual Report 2025 364 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025 41. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTD.) (f) Fair value Financial instruments that are not measured at fair value and whose carrying amounts are reasonable approximation of fair value Included in these classes of financial instruments are certain financial instruments that are not carried at fair value and whose carrying amounts are reasonable approximation of fair value: Note Trade and other receivables 22 Cash, bank balances and deposits 27 Borrowings 35 Trade and other payables 36 The carrying amounts of these financial assets and financial liabilities are reasonable approximation of fair values due either to the short term nature or insignificant impact of discounting or that they are floating rate instruments that are repriced to market interest rates on or near the reporting date. Determination of fair value The following table provides the fair value measurement hierarchy of the Group’s and the Company’s financial assets. Level 2 - significant observable input Group Company 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Assets measured at fair value: Short term investments 9,294 13,504 8,757 4,278 The valuation date of these financial instruments is 31 December 2025 and 2024, respectively. There have been no transfers between levels during the period. Short term investments are valued based on currently available deposits with similar terms and maturities.
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