FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 286 FGV HOLDINGS BERHAD EXAMINED OUR NUMBERS 31 AVAILABLE-FOR-SALE FINANCIAL ASSETS (CONTINUED) Financial assets previously classified as available-for-sale comprised the following: 2018 RM’000 2017 RM’000 Quoted equity securities: - In Malaysia - 71,004 - Outside Malaysia - 6,409 Unquoted equity securities: - In Malaysia - 86,873 - 164,286 Financial assets previously classified as available-for-sale were denominated in the following currencies: 2018 RM’000 2017 RM’000 - Ringgit Malaysia - 157,877 - Chinese Yuan Renminbi - 6,409 - 164,286 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)). These investments were designated as AFS financial assets as they did not have fixed maturities and fixed or determinable payments, and management intended to hold them for the medium to long-term. The AFS financial assets were presented as non-current assets unless they matured, or management intends to dispose them within 12 months of the end of the reporting period.