My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 226 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 47. FINANCIAL INSTRUMENTS (CONT’D) 47.5 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 Instruments Carried At Fair Value Fair Value Of Financial Instruments Not Carried At Fair Value Total Fair Carrying Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Value Amount RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 The Group 2020 Financial Assets Other investments: - unquoted investments - 108,640 29,360 - - - 138,000 138,000 Financing receivables - - - - 229,631 - 229,631 229,631 Short-term investments - 116,347 - - - - 116,347 116,347 Financial Liabilities Term loans - - - - 128,010 - 128,010 128,010 Revolving credit - - - - 21,100 - 21,100 21,100 Block discounting - - - - 16,408 - 16,408 16,408