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248 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER REtURNS

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

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

KWAP

2021
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 3,289,233 - - - - - 3,289,233
debt instruments at amortised cost 16,438,735 - - - - 16,438,735 -
debt instruments at fair Value
through profit or loss
(fVtpl) 1,149,427 - 863,181 286,246 - - -
equity instruments at fair Value
through profit or loss
(fVtpl) 54,972,077 48,183,616 - 6,788,461 - - -
debt instruments at fair Value
through other comprehensive
income (fVoci) 36,011,956 - 36,011,956 - - - -
equity instruments at fair Value
through other comprehensive
income (fVoci) 28,356,757 28,356,757 - - - - -
derivative financial assets 127,479 15,519 111,960 - - - -
deposits and placements
With financial institutions 7,534,385 - - - - - 7,534,385
trade receivables 2,676,535 - - - - - 2,676,535
sundry debtors and deposits 166,869 - - - - - 166,869
cash and bank 1,617,120 - - - - - 1,617,120
152,340,573 76,555,892 36,987,097 7,074,707 - 16,438,735 15,284,142
Financial Liabilities
payables and accruals 164,877 - - - - - 164,877
164,877 - - - - - 164,877

(d) Policy of transfer between levels

the fair value of an asset to be transferred between levels is determined by the group and KWap as of the date of
the event or change in circumstances which resulted in the transfer. there were no transfers between the level 1
and level 2 fair value measurements during the financial year.