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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

4 FINANCIAL RISK MANAGEMENT (CONTINUED)

(c) Fair value estimation (continued)
The following table presents the Group’s financial assets and liabilities that are measured at fair value at 31 December
2020 and 31 December 2019:

Carrying
amount Level 1 Level 2 Level 3
RM’000 RM’000 RM’000 RM’000
Group - Assets

As at 31 December 2019 173
Financial assets at fair value
Through profit or loss
Derivatives
- Sugar futures contracts 2,388 2,388 - -
- Foreign exchange forward contract 78 - 78 -

Group - Liabilities

As at 31 December 2020
Financial assets at fair value through profit or loss: MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
Derivatives
- Foreign exchange forward contract (929) - (929) -
Derivatives used for hedging:
- Islamic profit rate swap (10,163) - (10,163) -

As at 31 December 2019
Financial assets at fair value through profit or loss:
Derivatives
- Foreign exchange forward contract (10) - (10) -
Derivatives used for hedging:
- Islamic profit rate swap (4,968) - (4,968) -