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FoR BetteR RetuRns Annual Report 2022 245

notes to the
financial statements
for the year ended 31 december 2022

34. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONTINUED)
(c) Fair value hierarchy

the group and KWap employ the following hierarchy for the determination and disclosure of the fair value of
financial instruments by valuation techniques:
level 1: Quoted (unadjusted) prices in active markets for identical assets or liabilities;

level 2: techniques whereby all inputs with significant effect on the recorded fair value is either directly or
indirectly observable; and
level 3: techniques whereby inputs with significant effect on the recorded fair value is not based on observable
market data.
as at 31 december 2022, the group and KWap held the following financial instruments carried at fair value in the
statement of financial position:

Group

2022
Fair Value of Financial Assets Fair Value of Financial Assets
Carried At Fair Value Not Carried At Fair Value
Total Level 1 Level 2 Level 3 Level 1 Level 2 Level 3
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Financial Assets
loans and receivables 1,018,819 - - - - - 1,018,819
long term receivables 22,077 - - - - - 22,077
debt instruments at amortised cost 16,502,713 - - - - 16,502,713 -
debt instruments at fair Value
through profit or loss (fVtpl) 838,906 - 733,126 105,780 - - -
equity instruments at fair Value
through profit or loss (fVtpl) 51,271,327 42,762,679 - 8,508,648 - - -
debt instruments at fair Value
through other comprehensive
income (fVoci) 39,202,380 - 39,202,380 - - - -
equity instruments at fair Value
through other comprehensive
income (fVoci) 28,912,706 28,912,706 - - - - -
derivative financial assets 505,110 3,896 501,214 - - - -
deposits and placements
With financial institutions 9,463,718 - - - - - 9,463,718
trade receivables 2,546,594 - - - - - 2,546,594
sundry debtors and deposits 208,888 - - - - - 208,888
cash and bank balances 3,383,526 - - - - - 3,383,526
153,876,764 71,679,281 40,436,720 8,614,428 - 16,502,713 16,643,622
Financial Liabilities
borrowings 1,351,564 - - - - - 1,351,564
payables and accruals 2,733,495 - - - - - 2,733,495
derivative financial liabilities 800 - 800 - - - -
4,085,859 - 800 - - - 4,085,059