Wah Seong Corporation Berhad Annual Report 2018

10 FINANCE LEASE RECEIVABLES Group 2018 2017 RM’000 RM’000 Minimum lease receivables: Not later than 1 year 15,648 - Later than 1 year and not later than 2 years 13,099 - Later than 2 years and not later than 5 years 5,617 - 34,364 - Less: Future finance income (1,942) - Present value of finance lease assets 32,422 - Present value of finance lease receivables: Not later than 1 year 14,380 - Later than 1 year and not later than 2 years 12,502 - Later than 2 years and not later than 5 years 5,540 - 32,422 - The effective interest rate of the Group’s finance lease receivables is 5.08% (2017: Nil). 11 INVESTMENT IN EQUITY INSTRUMENTS/AVAILABLE-FOR-SALE FINANCIAL ASSETS Quoted shares in Malaysia Classified Classified as financial as assets available- at fair value for-sale through financial profit or loss assets 2018 2017 Group RM’000 RM’000 At fair value 6 10 Market value of quoted investments 6 10 The Group has elected to reclass quoted shares in Malaysia from available-for-sale to financial assets at fair value through profit or loss on adoption of MFRS 9. Gains or losses arising from fair value changes of its financial assets During the financial year, the Group recognised a loss of RM4,000 in the profit or loss arising from fair value changes of its investment in equity instruments. The method and assumptions applied in determining the fair value of financial assets are disclosed in Note 47. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 ANNUAL REPORT 2018 137