BIMB Integrated Annual Report 2019

48 FINANCIAL RISK MANAGEMENT POLICIES (CONTINUED) 48.3 Credit risk (continued) (v) Credit quality of investments’ portfolio (continued) Investments’ portfolio (excluding equity securities, unit trusts and investment units in closed end funds) of the Group by external party rating are as follows: (continued) Group Stage 1 Stage 3 Total As at 31 December 2018 RM’000 RM’000 RM’000 Financial assets at FVOCI Debt instrument Government bonds and treasury bills 3,014,387 – 3,014,387 Sukuk Rated AAA 3,463,868 – 3,463,868 Rated A1 to AA3 2,885,436 – 2,885,436 Rated A 138,665 – 138,665 Lower than A 24,614 20,000 44,614 Not rated 5,786,004 – 5,786,004 Other unrated financial assets 318,625 – 318,625 Gross carrying amount 15,631,599 20,000 15,651,599 Impairment allowances 302 – 302 Derivative financial assets Bank and financial institution counterparties 5,250 Corporate 28,898 34,148 Financial assets at FVTPL Government bonds and treasury bills 145,151 Sukuk Rated AAA 53,763 Rated A1 to AA3 – Rated AA 42,945 Rated A 86,377 Not rated 135,230 Unit-linked 55,868 Structured deposits Rated AAA 50,537 Rated AA 194,034 763,905 Retakaful assets Not rated 169,865 Other financial assets at amortised cost Other unrated financial assets 476,196 13,469 489,665 Impairment allowances – (13,469) (13,469) Net carrying amount 476,196 – 476,196 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONTINUED) 282 Integrated Annual Report 2019 Group Overview Sustaining The Group Management Discussion & Analysis Group Governance