KENANGA ANNUAL REPORT 2020

176 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (b) Financial instruments at amortised cost: Group and Bank 2020 RM’000 2019 RM’000 Debt instruments: Malaysian Government Investment Certificates 9,909 9,892 Corporate Bonds 20,021 20,030 Islamic Corporate Sukuk 163,210 83,172 193,140 113,094 Less: Allowance for ECL (105) (338) Total financial instruments at amortised cost 193,035 112,756 Debt instruments measured at amortised cost The table below shows the credit quality and the maximum exposure to credit risk based on the Group’s and the Bank’s internal credit rating system and year-end stage classification. The amounts presented are gross of impairment allowances. Details of the Group’s and the Bank’s internal grading system are explained in Note 50(a). 2020 Group and Bank Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total ‘RM’000 Investment grade 193,140 - - 193,140 2019 Group and Bank Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Investment grade 100,094 - - 100,094 Non investment grade 13,000 13,000 100,094 13,000 113,094