Page 74 - Inegrated Annual Report 2020-Eng

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | 31 DECEMBER 2020

8. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE
INCOME

2020 2019
AED’000 AED’000
At 1 January 31,669 46,645
Fair value adjustments (5,530) (14,976)
Disposal (26,139) -

At 31 December - 31,669
The financial assets at fair value through OCI at the end of reporting date are detailed below.

2020 2019
AED’000 AED’000
Investment in quoted UAE equity securities - 31,669

The fair value of the quoted UAE equity securities is based on quoted market prices at the end of the year as
per Level 1 valuation.

9. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

2020 2019
AED’000 AED’000
At 1 January 27,097 26,000
Change in fair value 685 1,097

At 31 December 27,782 27,097

The financial assets at fair value through profit or loss (FVTPL) at the end of reporting date are detailed below.

2020 2019
AED’000 AED’000
Investment in quoted UAE equity securities 27,782 26,154
Investment in unquoted UAE equity securities - 943

At 31 December 27,782 27,097

The fair value of the quoted UAE equity securities is based on quoted market prices at the end of the year as
per Level 1 valuation. The fair value of unquoted UAE securities was arrived at based on the fair market value as
per Level 3 valuation.

74 2020 Integrated Annual Report