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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
26. FINANCIAL INSTRUMENTS (CONT’D)
(d) Fair Value Information
The fair values of the financial assets and financial liabilities of the Group and of the Company which are maturing within the next 12 months approximated their
carrying amounts due to the relatively short-term maturity of the financial instruments or repayable on demand terms.
The following table sets out the fair value profile of financial instruments that are carried at fair value and those not carried at fair value at the end of the reporting
period:-
Fair Value Of Financial
Fair Value Of Financial Instruments
Total
Carrying
Instruments Carried At Fair Value
Not Carried At Fair Value
Fair Value
Amount
Level 1
Level 2
Level 3
Level 1
Level 2
Level 3
The Group
RM
RM
RM
RM
RM
RM
RM
RM
2016
Financial Asset
Short-term investments
8,996,233
-
-
-
-
- 8,996,233 8,996,233
Financial Liabilities
Hire purchase payables
-
-
-
-
602,488
-
602,488 603,493
Short-term borrowings
-
-
-
- 4,652,400
- 4,652,400 4,652,400
Term loans
-
-
-
- 24,074,255
- 24,074,255 24,074,255
Fair Value Of Financial
Fair Value Of Financial Instruments
Total
Carrying
Instruments Carried At Fair Value
Not Carried At Fair Value
Fair Value
Amount
Level 1
Level 2
Level 3
Level 1
Level 2
Level 3
The Group
RM
RM
RM
RM
RM
RM
RM
RM
2015
Financial Liabilities
Hire purchase payables
-
-
-
- 1,120,733
- 1,120,733 1,125,440
Short-term borrowings
-
-
-
- 11,535,280
- 11,535,280 11,535,280
Term loans
-
-
-
- 30,655,157
- 30,655,157 30,655,157
Notes To The Financial Statements
(cont’d)