Page 285 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS in retrospect

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for the financial year ended 31 december 2020 (continUed)
the Will to Suceed

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49 FINANCIAL RISk MANAGEMENT POLICIES (CONTINUED)
49.3 Credit risk (continued)
Maximum exposure to credit risk achieving a leading repute
the following table presents the Group’s maximum exposure to credit risk of on-balance sheet and off-balance sheet
financial instruments, without taking into account of any collateral held or other credit enhancements. for on-balance |
sheet assets, the exposure to credit risk equals their carrying amount. for contingent liabilities, the maximum exposure
to credit risk is the maximum amount that the Group would have to pay if the obligations of the instruments issued
are called upon. for credit commitments, the maximum exposure to credit risk is the full amount of the undrawn credit
facilities granted to customers. Paving the Way for a Sustainable future
Group
2020 2019
RM’000 RM’000
cash and short-term funds 5,159,702 2,572,723
deposits and placements with banks and other financial institutions 2,033,321 2,581,288
financial assets at fvtPl* 1,686,917 1,190,706 279
derivative financial assets (a) 61,665 33,326
financial assets at fvoci^ 18,332,001 16,899,925
financing, advances and others (b) 54,670,635 49,472,522
other financial assets at amortised cost (net of prepayments) 664,403 567,278
retakaful assets 978,202 755,796
Statutory deposits with bank negara malaysia 192,425 1,170,136
Sub-total 83,779,271 75,243,700 adhering to the best Governance Practices

credit related obligation:
financial guarantee contracts (c) 1,941,791 1,950,487 |
Laying the Foundation for Financial Growth
financing commitments# (d) 9,615,227 9,061,076
Sub-total 11,557,018 11,011,563

total credit exposures 95,336,289 86,255,263

* excludes unit trust
^ excludes equity instruments
# excludes derivative financial assets |
additional information & disclosure Summary

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24 th aGm information