42. FINANCIAL RISK MANAGEMENT (CONTINUED) Overview (continued) (b) Credit risk (continued) Credit quality of other financial assets excluding cash, short-term funds and deposits (continued) Credit quality of other financial assets by external rating is as follows (continued): Bank 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Financial assets at FVOCI Debt instrument Government bonds and GG 8,185,548 – – 8,185,548 Sukuk: Rated AAA 4,290,016 – – 4,290,016 Rated AA1 to AA3 1,337,683 71,956 – 1,409,639 Lower than A – – 14,155 14,155 Gross carrying amount 13,813,247 71,956 14,155 13,899,358 Impairment allowances^ (494) (68) (14,155) (14,717) Derivative financial assets Bank and financial institution counterparties 54,080 Corporate 38,391 92,471 Financial assets at FVTPL Government bonds and treasury bills 1,205,265 Sukuk: Rated AAA 452,324 Rated AA1 to AA3 2 1,657,591 Financial assets at AC Government bonds and GG 3,272,448 – – 3,272,448 Sukuk: Rated AAA 1,038,772 – – 1,038,772 Rated AA 296,727 – – 296,727 Net carrying amount 4,607,947 – – 4,607,947 Other financial assets at AC Other unrated financial assets 552,632 – 3,642 556,274 Impairment allowances – – (3,642) (3,642) Net carrying amount 552,632 – – 552,632 ^ The impairment allowances are recognised in OCI reserve. 391 w w w . b a n k i s l a m. c o m 01 02 03 04 05 06 07 08 FINANCIAL STATEMENTS 09
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