Page 254 - 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)
(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 instruments
At Fair Value Through
Profit or Loss
Unquoted Shares
RM’000

at 1 January 2023 8,508,648
net addition and disposal 2,184,986
net fair value gain recognised in profit or loss 380,601
At 31 December 2023 11,074,235

Group

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

at 1 January 2023 105,780
net fair value gain recognised in profit or loss (464)
At 31 December 2023 105,316

KWAP

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

at 1 January 2023 284,861
net fair value gain recognised in profit or loss 17,305
At 31 December 2023 302,166

252 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INTEGRATED REPORT 2023