NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 328 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 52. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONT’D.) FAIR VALUE MEASUREMENT (CONT’D.) Bank 2022 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 - Debt securities and fund - 109,042 - 109,042 - Equity securities 143,972 - 71,612 215,584 Financial investments at FVOCI - Debt securities - 317,879 - 317,879 - Equity securities - - 1,294 1,294 Derivative financial assets - 85,217 - 85,217 Financial assets for which fair values are disclosed Financial investments at AC - 458,563 - 458,563 Loans, advances and financing - - 1,710,413 1,710,413 143,972 970,701 1,783,319 2,897,992 Financial liability measured at fair value Derivative financial liabilities 3,979 12,517 - 16,496 Financial liabilities for which fair values are disclosed Borrowings - 152,746 - 152,746 Deposits from customers - 3,299,305 - 3,299,305 Deposits and placements of banks and other financial institutions - 415,359 - 415,359 Others - 400,099 - 400,099 3,979 4,280,026 - 4,284,005 There have been no transfers between Level 1 and Level 2 during the financial years. The methods and assumptions used to estimate the fair value of the financial instruments not measured at fair value are as disclosed in Note 49.
RkJQdWJsaXNoZXIy NDgzMzc=