139 ANNUAL REPORT 2024 Notes to The Financial Statements 31 December 2024 19. Financial assets at fair value through profit or loss (“FVTPL”) Group Company 2024 2023 2024 2023 $ $ $ $ At fair value: Forward foreign exchange contracts (Level 2) (Note 28) 44,923 – – – Total financial assets at FVTPL 44,923 – – – There were no transfers between fair value hierarchies during the year. 20. Financial assets at fair value through other comprehensive income (“FVTOCI”) Group and Company 2024 2023 $ $ At fair value: Unquoted equity shares 1,351,100 1,351,100 Total financial assets at FVTOCI 1,351,100 1,351,100 20A. Movements in balances Group and Company 2024 2023 $ $ Movements during the year: Fair value at beginning of the year 1,351,100 – Additions – 1,351,100 Fair value at end of the year 1,351,100 1,351,100 20B. Disclosures relating to investments in equity shares at FVTOCI For fair value measurements categorised within Level 3 of the fair value hierarchy, a description of the valuation techniques and information in the fair value measurement are as follows: Industry Manufacturing Location Singapore Fair value $1,351,100 (2023: $1,351,100) Fair value hierarchy Level 3 (2023: Level 3) Valuation technique Market comparable approach (2023: cost approximates fair value) Significant unobservable inputs and range Market Capitalisation / Sales at multiple of 2.3 (2023: Not applicable)
RkJQdWJsaXNoZXIy NTkwNzg=