FGV Audited Financial Statements 2020

4 FINANCIAL RISK MANAGEMENT (CONTINUED) (c) Fair value estimation (continued) The following table presents the Group’s financial assets and liabilities that are measured at fair value at 31 December 2020 and 31 December 2019: Group Level 1 RM’000 Level 2 RM’000 Level 3 RM’000 Total RM’000 2020 Assets Financial assets at fair value through profit or loss: (i) Derivatives - Foreign currency forward contracts - 9,561 - 9,561 - Commodities futures contracts 4,500 - - 4,500 (ii) Trading securities 68,201 - - 68,201 Financial assets at fair value through other comprehensive income 3,566 - 140,685 144,251 Total assets 76,267 9,561 140,685 226,513 Liabilities Financial assets at fair value through profit or loss: (i) LLA liability - - 4,213,824 4,213,824 (ii) Derivatives - Foreign currency forward contracts - 929 - 929 - Islamic profit rate swap - 10,163 - 10,163 Total liabilities - 11,092 4,213,824 4,224,916 Level 1 RM’000 Level 2 RM’000 Level 3 RM’000 Total RM’000 2019 Assets Financial assets at fair value through profit or loss: (i) Derivatives - Foreign currency forward contracts - 18,388 - 18,388 (ii) Trading securities 58,940 - - 58,940 Financial assets at fair value through other comprehensive income 3,748 - 103,686 107,434 Total assets 62,688 18,388 103,686 184,762 66 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020