FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 75 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 4 FINANCIAL RISK MANAGEMENT (CONTINUED) (c) Fair value estimation Amounts that are measured in the statement of financial position at fair value are disclosed by the following fair value measurement hierarchy: • Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1). • Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (Level 2). • Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (Level 3). The following table presents the Group’s financial assets and liabilities that are measured at fair value at 31 December 2023 and 31 December 2022: Group Level 1 RM’000 Level 2 RM’000 Level 3 RM’000 Total RM’000 2023 Assets Financial assets at fair value through profit or loss: (i) Derivatives - Foreign currency forward contracts - 4,823 - 4,823 - Commodities futures contracts 7,112 - - 7,112 (ii) Trading securities 95,197 - - 95,197 Financial assets at fair value through other comprehensive income 3,257 - 157,716 160,973 Total assets 105,566 4,823 157,716 268,105 Liabilities Financial liabilities at fair value through profit or loss: (i) LLA liability - - 3,513,813 3,513,813 (ii) Derivatives - Foreign currency forward contracts - 388 - 388 - Islamic profit rate swap - 11 - 11 - Commodities futures contracts 15 - - 15 Total liabilities 15 399 3,513,813 3,514,227
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