Page 207 - EXIM_AR2021

ANNUAL REPORT 2021 205

Notes to the fiNaNcial statemeNts

42. financial risk management POlicies (cOnt’D.)

Fair values (cont’d.)
(i) Fair value hierarchy (cont’d.)
The following table represents financial assets and liabilities measured at fair value and classified by level with the following
fair value measurement hierarchy (cont’d.):
Carrying Fair value Fair value
Group and Bank value Level 2 Level 3
RM’000 RM’000 RM’000

2020
Financial assets
Assets measured at fair value
Financial investments at FVOCI
- Unquoted debt securities 678,185 678,185 -
Derivative financial instruments 141,749 141,749 -

Total financial assets carried at fair value 819,934 819,934 -

Assets not measured at fair value
Investment properties 832 - 1,140
Investment securities at amortised cost
- Unquoted debt securities 487,366 540,348 -
Loans, advances and financing 3,679,083 - 3,678,630

Financial liabilities
Liabilities measured at fair value
Derivative financial instruments 6,591,282 6,595,733 -

Total financial liabilities carried at fair value 6,591,282 6,595,733 -
Liabilities not measured at fair value
Borrowings 6,591,282 6,595,733 -

There were no transfers between Level 1, Level 2 and Level 3 of the fair value hierarchy during the financial year.
(ii) Financial assets and liabilities carried at fair value

The carrying amounts of cash and cash equivalents, other receivables and other payables approximate fair values due
to the relatively short term nature of these financial instruments.

Financial investments at FVOCI
The fair value of quoted financial investments is derived from market bid prices as at the reporting date. For unquoted
financial investments, the fair value is determined based on quotes from independent dealers or using valuation techniques
such as the discounted cash flows method.