Registration No. 200301030845 (633265-K) - 142 - 36. Financial Instruments (Cont’d) (b) Financial risk management objectives and policies (Cont’d) (iii) Market risks (Cont’d) (c) Market price risk Market price risk is the risk that the fair value or future cash flows of the Group’s and the Company’s financial instruments will fluctuate because of changes in market prices (other than interest or foreign exchange rates). The Group and the Company are not exposed to equity price risk as they do not hold any quoted equity instruments. (d) Fair values of financial instruments The carrying amounts of long-term floating rate loans approximate their fair value as the loans will be re-priced to market interest rate on or near reporting date. The fair value of lease liability is estimated based on future contractual cash flows discounted at the incremental borrowing rate for similar type of borrowing at the end of the reporting period. The fair value of an asset to be transferred between levels is determined as of the date of the event or change in circumstances that caused the transfer. There were no transfers between levels during current and previous financial years. DESTINI BERHAD 255 ANNUAL REPORT 2026
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