185 / 206
Notes to the financial statements
31 December 2014
Bursa Malaysia
•
Annual Report 2014
173
38. Fair value (cont’d.)
(b) Financial instruments that are not carried at fair value
Financial instruments classified as HTM investments, loans and receivables and financial liabilities are carried at amortised cost.
The carrying amount of these financial instruments, other than staff loans receivable, are reasonable approximation of their fair values due to their
short-term nature:
Note
HTM investment securities
16
Trade receivables
19
Other receivables which are financial assets (except staff loans receivable within 12 months)
20
Due from subsidiaries
21
Cash for trading margins, security deposits, SBL collaterals and eDividend distributions
22
Cash and bank balances of Clearing Funds
23
Cash and bank balances of the Group and of the Company
24
Trade payables
22
Participants’ contributions to Clearing Funds
23
Other payables which are financial liabilities
30
The carrying amount of staff loans receivable approximates its fair value, and is estimated by discounting the expected future cash flows using the current
interest rates for loans with similar risk profiles. The staff loans receivable is measured at level 3 under the measurement hierarchy.
Group
Company
Carrying amount
Fair value Carrying amount
Fair value
RM’000
RM’000
RM’000
RM’000
At 31 December 2014
Staff loans receivable (Note 17)
6,671
6,416
6,078
5,843
At 31 December 2013
Staff loans receivable (Note 17)
7,944
7,641
7,259
6,981