Page 217 - EXIM-Bank_Annual-Report-2023

Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 215

Notes to the fiNaNcial statemeNts

43. 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
value Level 2 Level 3
rM’000 rM’000 rM’000

Group and Bank
2022
Financial liabilities

Liabilities measured at fair value
Derivative financial instruments 183,904 - 183,904

Financial assets

Assets not measured at fair value
Investment properties 796 - 1,140
Financial investments at amortised cost
- Unquoted debt securities 377,925 377,925 -
Loans, advances and financing 3,017,644 - 2,997,658

Financial liabilities

Liabilities not measured at fair value
Borrowings 4,522,842 - 4,522,842

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 FVTPL and FVOCI
The fair values of these quoted financial investments are derived from market bid prices as at the reporting date. For
unquoted financial investments, the fair values are determined based on quotes from independent dealers or using
valuation techniques such as the discounted cash flows method.
Derivative financial assets/liabilities

The fair value is based on quoted market price or marked to model valuation.
Borrowings (Hedged items)

The fair value is based on marked to model valuation.