FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 284 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 30 FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME ( “ FVOCI ” ) ^ In the previous financial years, the Group had designated below investments as available-for-sale ( “ AFS ” ) financial assets. Refer to Note 62(b) for adjustments made to investment in non-trading equity securities from AFS to FVOCI. Group 2018 RM’000 ^ 2017 RM’000 At 1 January (Note 62) 91,302 - Additions 13,593 - Fair value changes (18,671) - At 31 December 86,224 - Analysed as: Non-current 86,224 - The financial assets at fair value through other comprehensive income comprise the following: 2018 RM’000 2017 RM’000 Quoted equity securities: - In Malaysia 3,590 - Unquoted equity securities: - In Malaysia 82,634 - 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: 2018 RM’000 2017 RM’000 - Ringgit Malaysia 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)).