Bursa Malaysia • Annual Report 2013
171
Financial Reports
36. Fair value of financial instruments (cont’d.)
(b) Determination of fair value
(i) Financial instruments that are not carried at fair value and whose carrying amounts are reasonable approximations of fair value
The following are classes of financial instruments that have carrying amounts which are reasonable approximations of fair value due to their
short-term nature:
Note
HTM investment
16
Trade receivables
19
Other receivables which are financial assets (except staff loans receivable within 12 months)
20
Due from subsidiaries
21
Cash and bank balances not belonging to the Group
22
Cash and bank balances of the Group
23
Trade payables and clearing funds
22
Other payables which are financial liabilities
29
(ii) Staff loans receivable
The fair value of staff loans receivable is estimated by discounting the expected future cash flows using the current interest rates for loans with
similar risk profiles.
(iii) Quoted equity instrument
Fair value is determined directly by reference to its published market bid price at the financial year end.
(iv) Unquoted bonds
Fair value is determined by reference to the published market bid price of unquoted fixed income securities based on information provided by
Bond Pricing Agency Malaysia Sdn Bhd.
Notes to the Financial Statements
31 December 2013
