less, where appropriate, the cumulative amount of income recognised in accordance with the principles of MFRS 15. The fair value of financial guarantees is determined as the present value of the difference in net cash flows between the contractual payments under the debt instrument and the payments that would be required without the guarantee, or the estimated amount that would be payable to a third party for assuming the obligations. Where guarantees in relation to loans or other payables of associates are provided for no compensation, the fair values are accounted for as contributions and recognised as part of the cost of the investment. 45 FINANCIAL INSTRUMENTS (CONTINUED) NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 307 45 FINANCIAL INSTRUMENTS (CONTINUED) (a) Categories of financialinstruments The financial instruments are categorised as follows: (i) Financial assets and financial liabilities at AC; (ii) Financial assets and financial liabilities at FVTPL; and (iii) Financial assets at FVOCI. Carrying amount RM’million AC RM’million FVTPL RM’million FVOCI RM’million Financial assets 2023 Group Investment in unquoted debt security 259.3 259.3 0 0 Long term receivables 46.8 46.8 0 0 Financial lease receivables 7.2 7.2 0 0 Derivative financial instruments 168.0 0 168.0 0 Financial assets at FVOCI 55.1 0 0 55.1 Trade receivables 3,921.5 3,921.5 0 0 Other non-trade receivables 806.0 806.0 0 0 Contract assets 4,446.8 4,446.8 0 0 Amounts due from joint ventures 22.7 22.7 0 0 Amounts due from associates 388.3 388.3 0 0 Financial assets at FVTPL 1,650.0 0 1,650.0 0 Deposits, bank and cash balances 19,390.5 19,390.5 0 0 31,162.2 29,289.1 1,818.0 55.1 Company Investment in unquoted debt security 259.3 259.3 0 0 Long term receivables 21.1 21.1 0 0 Financial assets at FVOCI 54.3 0 0 54.3 Trade receivables 2,805.9 2,805.9 0 0 Other non-trade receivables 152.3 152.3 0 0 Contract assets 4,226.9 4,226.9 0 0 Amounts due from subsidiaries 7,977.6 7,977.6 0 0 Amounts due from associates 5.2 5.2