Page 197 - EXIM-BANK-AR20

Section 06 Financial Statements
195

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

2019

Financial assets
Assets measured at fair value
Financial investments at FVOCI
- Unquoted debt securities 668,504 668,504 -
Derivative financial instruments 61,218 61,218 -
Total financial assets carried at fair value 729,722 729,722 -

Assets not measured at fair value
Investment properties 850 - 1,140
Investment securities at amortised cost
- Unquoted debt securities 535,938 558,361 -
Loans, advances and financing 4,768,642 - 4,766,632

Financial liabilities
Liabilities measured at fair value
Derivative financial instruments 18,531 18,531 -
Total financial liabilities carried at fair value 18,531 18,531 -

Liabilities not measured at fair value
Borrowings 7,438,434 7,443,665 -

There were no transfer 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.