Fraser & Neave Holdings Bhd Annual Report 2021

30. FINANCIAL INSTRUMENTS #CONTINUED$ #F$ MARKET RISK #CONTINUED$ (ii) Interest rate risk (continued) Interest rate risk sensitivity analysis Fair value sensitivity analysis for fixed rate instruments The Group does not account for any fixed rate financial assets and liabilities at fair value through profit or loss. Therefore, a change in interest rates at the end of the financial year would not a!ect profit or loss. Cash flow sensitivity analysis for variable rate instruments A change in 100 basis points in interest rates would have decreased or increased pre-tax profit or loss of the Company by the amounts shown below. Company 2021 RM’000 2020 RM’000 Floating rate instruments 2,276 5,439 #G$ FAIR VALUE INFORMATION The carrying amounts of cash and cash equivalents, short-term receivables and payables, and short-term loans and 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 fair values and carrying amounts shown in the statements of financial position. 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 Group 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 2021 Financial liability Derivative financial liabilities 14 – 166 – 166 – – – – 166 166 2020 Financial asset Derivative financial assets 14 – 4 – 4 – – – – 4 4 Financial liability Derivative financial liabilities 14 – 367 – 367 – – – – 367 367 Financial Statements 239 Fraser & Neave Holdings Bhd ! Annual Report 2021