BIMB Integrated Annual Report 2019

48 FINANCIAL RISK MANAGEMENT POLICIES (CONTINUED) 48.3 Credit risk (continued) Maximum exposure to credit risk 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. Group 2019 2018 RM’000 RM’000 Cash and short-term funds 3,334,771 2,650,042 Deposits and placements with banks and other financial institutions 2,581,288 3,637,084 Financial assets at FVTPL* 1,190,706 1,082,298 Derivative financial assets (a) 33,326 34,148 Financial assets at FVOCI^ 16,899,925 15,651,599 Financing, advances and others (b) 49,472,522 45,680,680 Other financial assets at amortised cost (net of prepayments) 565,725 476,196 Retakaful assets 755,796 537,137 Statutory deposits with Bank Negara Malaysia 1,170,136 1,602,284 Sub-total 76,004,195 71,351,468 Credit related obligation: Financial guarantee contracts (c) 1,950,487 1,750,186 Financing commitments (d) 9,061,076 8,964,335 Sub-total 11,011,563 10,714,521 Total credit exposures 87,015,758 82,065,989 * Excludes unit trust ^ Excludes equity instruments NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONTINUED) 273 BIMB HOLDINGS BERHAD 199701008362 (423858-X) Shareholders’ Information Financial Statements Additional Information Disclosure Summary