Press Metal Aluminium Holdings Berhad SECTION 6 • FINANCIAL STATEMENTS 326 Notes to the Financial Statements 28. FINANCIAL INSTRUMENTS (CONT’D) 28.8 Fair value information The carrying amounts of cash and cash equivalents, short-term receivables and payables and short-term borrowings reasonably approximate their fair values due to the relatively short-term nature of these financial instruments. The table below analyses other financial instruments at fair value. Fair value of financial instruments carried at fair value Fair value of financial instruments not carried at fair value Total fair value RM’000 Carrying amount RM’000 Level 1 RM’000 Level 2 RM’000 Level 3 RM’000 Total RM’000 Level 1 RM’000 Level 2 RM’000 Level 3 RM’000 Total RM’000 Group 2024 Financial assets Unquoted shares - - 1,803 1,803 - - - - 1,803 1,803 Derivatives - 555,537 - 555,537 - - - - 555,537 555,537 - 555,537 1,803 557,340 - - - - 557,340 557,340 Financial liabilities Derivatives - (114,317) - (114,317) - - - - (114,317) (114,317) IMTN - - - - - - (2,250,816) (2,250,816) (2,250,816) (2,250,000) Bank loans - - - - - - (935,626) (935,626) (935,626) (935,626) - (114,317) - (114,317) - - (3,186,442) (3,186,442) (3,300,759) (3,299,943) 2023 Financial assets Unquoted shares - - 1,803 1,803 - - - - 1,803 1,803 Derivatives - 226,408 - 226,408 - - - - 226,408 226,408 - 226,408 1,803 228,211 - - - - 228,211 228,211 Financial liabilities Derivatives - (439,283) - (439,283) - - - - (439,283) (439,283) IMTN - - - - - - (2,815,006) (2,815,006) (2,815,006) (2,800,000) Bank loans - - - - - - (1,386,884) (1,386,884) (1,386,884) (1,386,884) - (439,283) - (439,283) - - (4,201,890) (4,201,890) (4,641,173) (4,626,167)
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