Page 297 - 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)
(v) Credit quality of investments’ portfolio achieving a leading repute
investments’ portfolio (excluding equity securities, unit trusts and investment units in closed end funds) of the
Group by external party rating are as follows: |
Group Stage 1 Stage 3 Total
As at 31 December 2020 RM’000 RM’000 RM’000
Financial assets at FVOCI
Debt instrument Paving the Way for a Sustainable future
Government bonds and treasury bills 8,472,143 – 8,472,143
Sukuk
rated aaa 4,651,691 – 4,651,691
rated a1 to aa3 3,273,484 – 3,273,484
rated a 54,495 – 54,495
lower than a 64,577 15,842 80,419
not rated 1,147,283 – 1,147,283 291
other unrated financial assets 652,486 – 652,486

Gross carrying amount 18,316,159 15,842 18,332,001

impairment allowances 403 – 403

Derivative financial assets adhering to the best Governance Practices
bank and financial institution counterparties 55,409
corporate 6,256
61,665
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Financial assets at FVTpL
Government bonds and treasury bills 846,543
Sukuk
rated aaa 142,431
rated a1 to aa3 – Laying the Foundation for Financial Growth
rated aa 50,882
rated a 126,784
not rated 126,699
Unit-linked 50,024
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Structured deposits
rated aaa –
rated aa –

1,343,363 additional information & disclosure Summary

Retakaful assets
not rated 323,150

Other financial assets at amortised cost
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other unrated financial assets 664,403 14,739 679,142
24 th aGm information
impairment allowances – (14,739) (14,739)
net carrying amount 664,403 – 664,403