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Notes to the Financial StatementsFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 200943. CREDIT RISKFor on-balance sheet financial instruments, the main credit risk exposure has been disclosed elsewhere in the financialstatements.Off-balance sheet financial instrumentsThe Group is exposed to credit risk where the fair value of the contract is favourable, where the counterparty isrequired to pay the Group in the event of contract termination. The favourable fair values of the contracts, indicatingthe credit risk exposure is detailed in Note 44(b) to the financial statements below.44. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES(a)On-balance sheetThe carrying amounts of the financial assets and liabilities of the Group and the Company at the balance sheetdate approximated their fair values except as set out below:2009 2008CarryingCarryingamount Fair value amount Fair valueRM’000 RM’000 RM’000 RM’000GroupFinancial assetsInvestments in convertible bonds 179,685 86,630 179,685 70,086Financial liabilitiesLong term borrowings 10,173,464 10,173,144 10,546,052 10,450,340CompanyFinancial assetsInvestments in convertible bonds 179,685 86,630 179,685 70,086Annual Report 2009 • 273