Page 250 - KWAP_Integrated-Report_2023

enricHing national Progress ENRICHING SUSTAINABLE RETURNS

notes to tHe financial statements

for the year ended 31 december 2023

35. 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 2023, the group and KWap held the following financial instruments carried at fair value in the
statement of financial position:
Group

2023
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 506,634 - - - - - 506,634
Debt Instruments At Amortised Cost 16,730,846 - - - 3,131,250 13,599,596 -
Debt Instruments At Fair Value Through
Profit Or Loss ("FVTPL") 875,725 573,115 197,294 105,316 - - -
Equity Instruments At Fair Value Through
Profit Or Loss ("FVTPL") 57,387,958 46,264,180 49,543 11,074,235 - - -
Debt Instruments At Fair Value Through
Other Comprehensive Income ("FVOCI") 42,675,911 14,279,762 28,396,149 - - - -
Equity Instruments At Fair Value Through
Other Comprehensive Income ("FVOCI") 34,295,157 34,138,538 156,619 - - - -
Derivative Financial Assets 29,495 2,732 26,763 - - - -
Deposits And Placements With
Financial Institutions 2,800,541 - - - - - 2,800,541
Trade Receivables 3,838,346 - - - - - 3,838,346
Sundry Debtors And Deposits 243,688 - - - - - 243,688
Cash And Bank Balances 3,288,810 - - - - - 3,288,810
162,673,111 95,258,327 28,826,368 11,179,551 3,131,250 13,599,596 10,678,019

financial liabilities
Borrowings 1,772,666 - - - - - 1,772,666
Payables And Accruals 479,778 - - - - - 479,778
Derivative Financial Liabilities 50,633 - 50,633 - - - -
2,303,077 - 50,633 - - - 2,252,444

248 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INTEGRATED REPORT 2023