FGV Audited Financial Statements 2019

172 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 31 FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (“FVOCI”) Group 2019 RM’000 2018 RM’000 At 1 January 86,224 91,302 Additions 8,034 13,593 Fair value changes 13,176 (18,671) At 31 December 107,434 86,224 Analysed as: Non-current 107,434 86,224 The financial assets at fair value through other comprehensive income comprise the following: 2019 RM’000 2018 RM’000 Quoted equity securities: - In Malaysia 3,748 3,590 Unquoted equity securities: - In Malaysia 103,686 82,634 107,434 86,224 The Group has irrevocably elected non-trading equity securities above at initial recognition to present its fair value changes in OCI. The Group considers this classification to be more relevant as these instruments are strategic investments of the Group and not held for trading purpose. Financial assets at fair value through other comprehensive income are denominated in the following currencies: 2019 RM’000 2018 RM’000 - Ringgit Malaysia 107,434 86,224 The fair values of unquoted securities are based on the average of price-to-book or price earnings ratio of similar equities in the market and is a Level 3 fair value computation (Note 4(c)).