NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 325 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 52. FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUE MEASUREMENT The Group and the Bank use the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique: Level 1 - quoted (unadjusted) market prices in active for identical assets or liabilities. Level 2 - other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly. Level 3 - techniques which use inputs that have a significant effect on the recorded fair value that are not based on observable market data. Group 2023 Level 1 RM’000 Level 2 RM’000 Level 3 RM’000 Total RM’000 Financial assets measured at fair value Financial assets at FVTPL - Fund - 99,627 - 99,627 - Equity securities 267,830 - 71,203 339,033 Financial investments at FVOCI - Debt securities - 875,939 - 875,939 - Equity securities - - 1,343 1,343 Derivative financial assets - 75,938 - 75,938 Financial assets for which fair values are disclosed Financial investments at AC - 484,183 - 484,183 Loans, advances and financing - - 1,707,116 1,707,116 267,830 1,535,687 1,779,662 3,583,179 Financial liability measured at fair value Derivative financial liabilities 23,014 22,083 - 45,097 Financial liabilities for which fair values are disclosed Obligations on securities sold under repurchase agreements - 97,232 - 97,232 Borrowings - 172,003 - 172,003 Deposits from customers - 3,610,595 - 3,610,595 Deposits and placements of banks and other financial institutions - 331,803 - 331,803 Others - 1,067,262 - 1,067,262 23,014 5,300,978 - 5,323,992
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