Page 214 - Exim iar24_Ebook

EXIM BANK MALAYSIA
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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 Fair value
value Level 1 Level 2 Level 3
RM’000 RM’000 RM’000 RM’000
Group and Bank

2023
Financial assets
Assets not measured at fair value
Investment properties - 778 - 1,140
Financial investments at amortised cost
- Unquoted debt securities - 233,795 233,795 -
Loans, advances and financing - 3,160,467 - 2,997,658

Financial liabilities
Liabilities not measured at fair value
Borrowings (non-hedged portion) - 1,880,939 - 1,880,939

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.