6,236.0 Finance charges (Note 37 (b)) 1,636.5 1,756.4 4,043.7 4,239.3 Expense relating to leases of low-value assets (Note 33) 39.6 37.8 39.3 37.5 Expense relating to variable lease payments not included in lease liabilities 81.8 443.2 337.4 644.8 16 FINANCIAL ASSETS AT FVOCI Accounting Policy Financial assets at FVOCI are financial instruments and the accounting policy is disclosed in Note 45. Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Financial assets at FVOCI 55.1 70.7 54.3 70.0 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 247 16 FINANCIAL ASSETS AT FVOCI (CONTINUED) The Group and the Company have irrevocably elected non-trading equity securities above at initial recognition to present its fair value changes in OCI. The Group and the Company consider this classificationto be more relevant as these instruments are strategic investments of the Group and of the Company and not held for trading purposes. During the financial year, there were dividend income recognised and no investment was disposed. The details of the financial assets at FVOCI are as follows: Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Labuan Reinsurance (L) Ltd. 54.3 70.0 54.3 70.0 Al-Imtiaz Operation and Maintenance Company Ltd. 0.5 0.4 0 0 Club Memberships - Sultan Salahuddin Abdul Aziz Shah Club 0.1 0.1 0 0 - Glenmarie Golf Country Club 0.1 0.1 0 0 - Leisure Holidays Bhd 0.1 0.1 0 0 17 CONTRACT BALANCES Accounting Policy (a) Contract cost assets - Costs to fulfil a contract The Group recognises a contract cost that relates directly to a contract or to an anticipated contract as an asset when the cost generates or enhances resources of the Group which will be used in satisfying performance obligations in the future and it is expected to be recovered. These contract costs are initially measured at cost and amortised on a systematic basis that is consistent with the pattern of revenue recognition to which the asset relates. An impairment loss is