KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 277 ANNUAL REPORT 2018 51. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONT’D.) Fair value measurement (cont’d.) Bank Level 1 Level 2 Level 3 Total 2017 RM’000 RM’000 RM’000 RM’000 Financial assets measured at fair value Financial assets at fair value through profit or loss - Debt securities - 320,099 - 320,099 - Equity securities 219,428 - 10,208 229,636 Financial investments available-for-sale # - Debt securities - 959,677 - 959,677 - Negotiable Instruments of Deposits - 50,000 - 50,000 Derivative financial assets - 67,393 - 67,393 Financial assets for which fair values are disclosed Financial investments held-to-maturity - 38,214 - 38,214 Loans, advances and financing - - 2,179,330 2,179,330 219,428 1,435,383 2,189,538 3,844,349 Financial liability measured at fair value Derivative financial liabilities 32,356 3,818 - 36,174 Financial liabilities for which fair values are disclosed Obligations on securities sold under repurchase agreements - 74,993 - 74,993 Borrowings - 69,380 - 69,380 32,356 148,191 - 180,547 # Excludes unquoted securities stated at cost of RM490,000. There have been no transfers between Level 1 and Level 2 during the financial years. The methods and assumptions used to estimate the fair value of the financial instruments not measured at fair value are as disclosed in Note 48.