124 Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2025 (CONT’D) 35. FINANCIAL INSTRUMENTS (CONT’D) (c) Financial risk management objectives and policies (cont’d) (iii) Market risks (cont’d) (c) Market price risk Market price risk is the risk that the fair value or future cash flows of the Group’s financial instruments will fluctuate because of changes in market prices (other than interest or exchange rates). The Group is exposed to equity price risk arising from its investment in quoted instruments. These investments are listed on Bursa Malaysia and are classified as financial assets at FVTOCI. Management of the Group monitors investments in quoted instruments on a portfolio basis. Material investments within the portfolio are managed on an individual basis and all buy and sell decisions are approved by Risk Management Committee of the Group. Market price risk sensitivity analysis At the reporting date, if the various stock indices had been 1% higher/lower, with all other variables held constant, the Group’s other reserve in equity would have been RM76,725 (2024: RM123,225) higher/ lower, arising as a result of an increase/(decrease) in the fair value of equity instruments classified as financial asset at FVTOCI. (d) Fair value of financial instruments 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 insignificant impact of discounting. It was not practicable to estimate the fair value of investment in unquoted equity due to the lack of comparable quoted prices in an active market and the fair value cannot be reliably measured. The table below analyses financial instruments carried at fair value, 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 Carrying amount Level 1 Level 2 Level 3 RM RM RM RM RM Group 2025 Financial assets Quoted shares 7,672,500 - - 7,672,500 7,672,500 Unquoted shares - - 14,158,500 14,158,500 14,158,500 Short-term funds 531,882 - - 531,882 531,882 8,204,382 - 14,158,500 22,362,882 22,362,882
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