Page 251 - KWAP_AR2022

FoR BetteR RetuRns Annual Report 2022 249

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

34. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONTINUED)
(e) Reconciliation of Level 3 fair valuation

the reconciliation of the opening and closing balances of the level 3 financial instruments carried at fair value,
including movements is summarised below:

Group and KWAP

Equity Ins truments
At Fair Value Through
Profit or Loss
Unquoted Shares
RM’000
at 1 January 2022 6,788,461
net addition and disposal 1,330,426
net fair value gain recognised in profit or loss 389,761
At 31 December 2022 8,508,648

Group

Debt Instruments
At Fair Value Through
Profit or Loss
Redeemable Convertible
Preference Shares
RM’000
at 1 January 2022 106,108
net addition -
net fair value gain recognised in profit or loss (328)
At 31 December 2022 105,780

KWAP

Debt Instruments
At Fair Value Through
Profit or Loss
Redeemable Convertible
Preference Shares
RM’000

at 1 January 2022 286,246
net fair value gain recognised in profit or loss (1,385)
At 31 December 2022 284,861