249 F INANC IAL Statements Sect ion 05 Annual Report 2022 NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 44. FAIR VALUE OF FINANCIAL INSTRUMENTS AND INVESTMENT PROPERTIES (a) Financial instruments that are measured at fair value The Group uses the following hierarchy for determining the fair values of all financial instruments carried at fair value: Level 1 Quoted market prices in an active market. Level 2 Valuation inputs (other than Level 1 input) that are based on observable market data for the asset or liability, whether directly or indirectly. Level 3 Valuation inputs that are not based on observable market data. The table below analyses the financial instruments measured at fair value at the reporting date, by the level in the fair value hierarchy: Group Level 1 RM’000 Level 2 RM’000 Level 3 RM’000 Total RM’000 31 December 2022 Financial assets through profit or loss - Islamic Managed Funds - 65,365 - 65,365 - Deposit with other financial institution - 71 - 71 - Listed equity investment 404 - - 404 404 65,436 - 65,840 31 December 2021 Financial assets through profit or loss - Islamic Managed Funds - 54,863 - 54,863 - Deposit with other financial institution - 69 - 69 - Listed equity investment 404 - - 404 404 54,932 - 55,336
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