36. FAIR VALUE Fair value of the financial assets and financial liabilities that are measured at fair value on a recurring basis The table below presents assets and liabilities measured and carried at fair value and classified by level of the following fair value measurement hierarchy: • Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities • Level 2: inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities, either directly (i.e. as prices) or indirectly (i.e., derived from prices) • Level 3: inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). Level 1 $’000 Group and Company 30 September 2025 Financial assets Financial assets, at FVTOCI – Quoted equity shares 2,265 30 September 2024 Financial assets Financial assets, at FVTOCI – Quoted equity shares 2,385 There were no transfers between levels of the fair value hierarchy during the financial year. The carrying amounts of the Group’s and Company’s current financial assets and current financial liabilities approximate their fair values as at the end of the reporting periods due to the relatively short period of maturity of these financial instruments. The management considers that the fair values of Group’s and Company’s non-current financial liabilities were not materially different from their carrying amounts at the end of the reporting years except as disclosed in Note 25 to the financial statements. 37. CATEGORIES OF FINANCIAL INSTRUMENTS The following table sets out the financial instruments as at the end of the reporting period: Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Financial assets Financial assets at FVTOCI 2,265 2,385 2,265 2,385 Financial assets at amortised cost 101,839 79,155 31,363 31,717 Financial liabilities Financial liabilities at amortised cost 96,215 114,977 13,773 14,382 38. SUBSEQUENT EVENT Subsequent to 30 September 2025, the Group completed the striking off of its wholly-owned subsidiaries, Grandwood Holdings Pte. Ltd. and Grandwood (Japan) Pte. Ltd. The Group does not expect the striking off to have any material impact on the Group’s consolidated financial statements for the financial year ended 30 September 2025. ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 126 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
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