Dagang NeXchange Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) DAGANG NeXCHANGE BERHAD 180 30. FINANCIAL INSTRUMENTS (CONTINUED) 30.7 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 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 statement of financial position. Total Fair value of financial instruments Fair value of financial instruments fair Carrying carried at fair value not carried at fair value value amount Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group 2019 Financial assets Other investments: - unquoted shares - 3,538 - 3,538 - - - - 3,538 3,538 Financial liabilities Loans and borrowings - - - - - (66,269) - (66,269) (66,269) (66,269) 2018 Financial assets Other investments: - unquoted shares - 4,633 - 4,633 - - - - 4,633 4,633 Financial liabilities Loans and borrowings - - - - - (47,575) - (47,575) (47,575) (47,575) Company 2019 Financial liabilities Loans and borrowings - - - - - (28,000) - (28,000) (28,000) (28,000) 2018 Financial liabilities Loans and borrowings - - - - - (18,000) - (18,000) (18,000) (18,000)