Page 351 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

48. FAIR VALUE MEASUREMENTS (CONT’D.)
(a) Financial instruments measured at fair value (cont’d.)

Determination of fair value and the fair value hierarchy (cont’d.)
The following table shows the financial instruments which are measured at fair value at the reporting date analysed
by the various level within the fair value hierarchy: (cont’d.)

Valuation technique using;
Quoted Observable Unobservable
Market Price Inputs Inputs
Bank Level 1 Level 2 Level 3 Total
2022 RM’000 RM’000 RM’000 RM’000

Financial assets
Financial investments designated
at fair value through profit or loss 3,594 5,113 170,837 179,544
Financial investments at FVOCI 56,783 5,004,465 150,403 5,211,651
Derivative financial assets - 4,247 - 4,247
Total financial assets measured at fair value 60,377 5,013,825 321,240 5,395,442

Financial liabilities
Derivative financial liabilities - 23,111 - 23,111
Total financial liabilities measured at fair value - 23,111 - 23,111

The following table shows a reconciliation of Level 3 fair values:
Group and Bank
2023 2022
RM’000 RM’000

At 1 January 321,240 315,621
Gain/(Loss) recognised in statements of profit or loss 135 (27,352)
Loss recognised in other comprehensive income (162,066) 23,352
(Disposal)/Purchases (35,570) -
Foreign exchange translation difference 6,156 9,619
At 31 December 129,895 321,240

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