FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 131 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 28. FINANCIAL INSTRUMENTS (CONT’D) (e) Fair Value Information (Cont’d) (i) Fair Value of Financial Instruments Carried at Fair Value • The fair value of unit trusts is determined by reference to statements provided by the respective nancial institutions, with which the investments were entered into. • The fair value of quoted share is determined at their quoted closing bid prices at the end of the reporting period. • There were no transfers between level 1 and level 2 during the nancial year. (ii) Fair Value of Financial Instruments Not Carried at Fair Value • The fair value of bank borrowing that carries xed interest rate is determined by discounting the relevant future contractual cash ows using current market interest rate for similar instrument at the end of the reporting period. The interest rate used to discount the estimated cash ows is as follows: The Group The Company 2024 2023 2024 2023 % % % % Hire purchase payable 2.42 2.62 - - 29. CAPITAL COMMITMENTS The Group The Company 2024 2023 2024 2023 RM RM RM RM Purchase of property, plant and equipment 6,161,103 12,459,095 - 3,981,825 30. CASH FLOW INFORMATION (a) The cash disbursed for the purchase of property, plant and equipment is as follows: The Group The Company 2024 2023 2024 2023 RM RM RM RM Cost of property, plant and equipment purchased 26,168,801 15,244,018 5,460,490 7,249 Less: Acquired through hire purchase arrangements - (100,000) - - Less: Other payables - balances remained unpaid at nancial year end (1,349,260) - - - Less: Transfer from inventories (13,628) - - - 24,805,913 15,144,018 5,460,490 7,249
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