30 FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (“FVOCI”) Group 2024 2023 RM’000 RM’000 At 1 January 160,973 162,670 Additions 1,595 1,997 Fair value changes (25,353) (7,676) Currency translation differences 11,327 3,982 At 31 December 148,541 160,973 Analysed as: Non-current 148,541 160,973 The financial assets at FVOCI comprise the following: Group 2024 2023 RM’000 RM’000 Quoted equity securities: – In Malaysia 3,927 3,257 Unquoted equity securities: – In Malaysia 69,121 77,490 – Outside Malaysia 75,493 80,226 144,614 157,716 The Group has irrevocably elected non-trading equity securities above at initial recognition to present its fair value changes in other comprehensive income. 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 FVOCI are denominated in the following currencies: Group 2024 2023 RM’000 RM’000 – Ringgit Malaysia 73,048 80,747 – United States Dollar 75,493 80,226 148,541 160,973 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)). Notes to the Financial Statements For the financial year ended 31 December 2024 147
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