FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 297 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 33 FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) Financial instruments at fair value through profit or loss are denominated in the following currencies: 2016 RM'000 2015 RM'000 - Ringgit Malaysia 3,460 3,595 - Australian Dollar 1,866 2,948 - Pakistan Rupee 52,892 52,420 - Chinese Yuen Renminbi 104 6,942 58,322 65,905 The fair value of all equity securities is based on their quoted bid prices in an active market. 34 DERIVATIVE FINANCIAL ASSETS/(LIABILITIES) Group 2016 2015 Contract/ notional amount RM'000 Assets RM'000 Liabilities RM'000 Contract/ notional amount RM'000 Assets RM'000 Liabilities RM'000 Foreign currency forward contracts 879,597 80 19,237 760,222 1,388 590 Oil palm futures contracts 379,114 5,409 197 365,901 - 1,268 1,258,711 5,489 19,434 1,126,123 1,388 1,858 The Group classifies derivative financial instruments as financial assets/liabilities at fair value through profit or loss. None of the derivatives are designated as hedges as the Group did not apply hedge accounting during the financial year. The notional amount of contracts outstanding are as follows: 2016 2015 Foreign currency forward contracts USD199,755,226 USD176,858,009 Palm oil futures contracts 123,475 MT 143,875 MT