KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED SHAREHOLDERS’ INFORMATION NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 FINANCIAL STATEMENTS ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 337 336 52. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONT’D.) FAIR VALUE MEASUREMENT (CONT’D.) Bank 2024 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 - 100,000 - 100,000 - Equity securities 296,321 - 157,220 453,541 Financial investments at FVOCI - Debt securities - 867,152 - 867,152 - Equity securities - - 1,421 1,421 Derivative financial assets 203 49,494 - 49,697 Financial assets for which fair values are disclosed Financial investments at AC - 534,125 - 534,125 Loans, advances and financing - - 1,861,726 1,861,726 296,524 1,550,771 2,020,367 3,867,662 Financial liability measured at fair value Derivative financial liabilities 40,567 19,566 - 60,133 Financial liabilities for which fair values are disclosed Obligations on securities sold under repurchase agreements - 69,514 - 69,514 Borrowings - 173,998 - 173,998 Deposits from customers - 3,904,816 - 3,904,816 Deposits and placements of banks and other financial institutions - 729,835 - 729,835 Others - 582,806 - 582,806 40,567 5,480,535 - 5,521,102 52. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONT’D.) FAIR VALUE MEASUREMENT (CONT’D.) Bank 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 - Debt securities and fund - 100,000 - 100,000 - Equity securities 267,271 - 71,203 338,474 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 - - 1,733,014 1,733,014 267,271 1,536,060 1,805,560 3,608,891 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 - 3,764,714 - 3,764,714 Deposits and placements of banks and other financial institutions - 331,803 - 331,803 Others - 491,438 - 491,438 23,014 4,879,273 - 4,902,287 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.
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