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ENRICHING STAKEHOLDER ASPIRATIONS ENRICHING PERFORMANCE ENRICHING THE COMMUNITY ENRICHING ACCOUNTABILITY & INTEGRITY ENRICHING RESILIENCE & SUSTAINABLE GROWTH

notes to tHe financial statements

for the year ended 31 december 2023

29. WiTHDRAWAL BY THE FEDERAL GOVERNMENT
during the year, the total withdrawal by the federal government amounted to rm3.0 billion (2022: rm3.0 billion).

30. RETAiNED EARNiNGS

the group’s retained earnings amounting to rm102.2 billion was the balance of revenue reserves as at 31 december
2023 (2022: rm92.8 billion). KWap’s retained earnings amounting to rm102.4 billion was the balance of revenue
reserves as at 31 december 2023 (2022: rm92.7 billion).

31. RESERVES

Group KWAP
31 December 31 December 31 December 31 December
2023 2022 2023 2022
Note RM’000 RM’000 RM’000 RM’000

Other reserves (55,987) (59,215) - -
Foreign exchange reserve 249,274 (77,903) - -
Fair Value Through
Other Comprehensive income
(“FVOCi”) Reserves
debt instrument at fVoci reserve a 319,467 (782,715) 319,467 (782,715)
equity instrument at fVoci reserve b (4,966,778) (6,243,284) (4,966,778) (6,243,284)
(4,647,311) (7,025,999) (4,647,311) (7,025,999)

note a: there are investments classified as debt instruments at fVoci whereby the changes in fair value are
accumulated within the financial assets at fVoci reserves within equity. the accumulated changes in fair
value are transferred to profit or loss upon disposal of the investments.

note b: the group and KWap elected to recognise changes in the fair value of equity instruments in other
comprehensive income whereby the changes in fair value are accumulated within the financial assets at
fVoci reserves within equity.

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