Page 97 - JTC-Annual Report-2025-Eng

JTC Logistics Transportation & Stevedoring Company K.S.C.P
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
As at December 31, 2025
(All amounts are in Kuwaiti Dinars)

The following table demonstrates the sensitivity to a reasonably possible change in equity
indices as a result of change in the fair value of these equity instruments, to which the Group had
significant exposure as of the reporting date:

Change in equity instrument Effect on consolidated other
price % comprehensive income (KD)
2025

Bahrain stock exchange ± 5% ± 9,066

2024

Bahrain stock exchange ± 5% ± 9,313

27. FAIR VALUE MEASUREMENT

The Group measures financial assets such as financial assets at FVOCI and non-financial assets
such as investment properties and leasehold lands at fair value at each reporting period.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. The fair value measurement
is based on the presumption that the transaction to sell the asset or transfer the liability takes
place either:
▶ In the principal market for the asset or liability, or
▶ In the absence of a principal market, in the most advantageous market for the asset or liability.

All financial instruments for which fair value is measured or disclosed in the consolidated financial
statements are categorized within the fair value hierarchy, described as follows, based on the
lowest level input that is significant to the fair value measurement as a whole:

Level 1: Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

Level 2: Valuation techniques for which the lowest level input that is significant to the fair
value measurement is directly or indirectly observable.
Level 3: Valuation techniques for which the lowest level input that is significant to the fair
value measurement is unobservable.

The fair value of foreign quoted investment carried at FVOCI as at December 31, 2025 amounting
to KD 181,322 (2024: KD 186,255) is categorized as Level 1 fair value based on inputs to the valuation
techniques used.
During the year there were no transfers between Level 1, Level 2 and Level 3.

For assets and liabilities that are recognized in the financial statements on a recurring basis, the
Group determines whether transfers have occurred between levels in the hierarchy by re-assessing

94 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.