KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 278 KENANGA INVESTMENT BANK BERHAD 51. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONT’D.) Fair value measurement (cont’d.) Movements in Level 3 financial instruments measured at fair value The level of the fair value hierarchy of financial instruments is determined at the beginning of each reporting period. The following table shows a reconciliation of the opening and closing amounts of Level 3 financial assets which are recorded at fair value: Group and Bank Equity securities at FVTPL Equity securities at FVOCI 2018 RM’000 RM’000 Balance at the beginning of the financial year 10,208 490* Acquisition of investments during the financial year 1,938 - Disposal of investments during the financial year - - Revaluation gain during the financial year 18,931 1,264 Balance at the end of the financial year 31,077 1,754 * Unquoted securities were stated at cost of RM490,000 in 2017. Group and Bank Equity securities measured at FVTPL 2017 RM’000 Balance at the beginning of the financial year 1,067 Acquisition of investments during the financial year 10,208 Disposal of investments during the financial year (1,067) Revaluation gain during the financial year - Balance at the end of the financial year 10,208