NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 329 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 52. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONT’D.) FAIR VALUE MEASUREMENT (CONT’D.) Movements in Level 3 financial instruments measured at fair value The level of the fair value hierarchy of financial instruments is determined at the beginning of each reporting period. The following table shows a reconciliation of the opening and closing amounts of Level 3 financial assets which are recorded at fair value: Group and Bank Equity securities at FVTPL RM’000 Equity securities at FVOCI RM’000 2023 Balance at the beginning of the financial year 71,612 1,294 Revaluation (loss)/gain during the financial year (409) 49 Balance at the end of the financial year 71,203 1,343 2022 Balance at the beginning of the financial year 55,772 1,460 Acquisition of investments during the financial year 10,000 - Revaluation gain/(loss) during the financial year 5,840 (166) Balance at the end of the financial year 71,612 1,294
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