261 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 45. FINANCIAL INSTRUMENTS (CONT’D) (b) Financial risk management objectives and policies (cont’d) (iii) Market risk (cont’d) (c) Market price risk (cont’d) 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 profit before tax would have been RM567,000 (2023: RM102) higher/lower, arising as a result of higher/lower fair value gains on held for trading investment in equity instruments. (c) Fair value of financial instruments The fair value 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 table below analyses financial instruments carried at fair value and those not carried at fair value for which fair value is disclosed, 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’000 RM’000 RM’000 RM’000 RM’000 Group 2024 Financial assets Other investments: - unquoted investments - - 278,832 278,832 278,832 - quoted investment 56,693 - - 56,693 56,693 - limited partnership - - 4,729 4,729 4,729 Short-term cash investments - 3,137 - 3,137 3,137 2023 Financial assets Other investments: - unquoted investments - - 228,719 228,719 228,719 - quoted investment 10 - - 10 10 - limited partnership - - 4,729 4,729 4,729 Short-term cash investments - 3,504 - 3,504 3,504
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