Page 133 - RFHL ANNUAL REPORT 2024_ONLINE
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5. Investment securities
2024 2023
a Designated at Fair value through profit or loss
Debt instruments 95 3
Equities and mutual funds 98 110
193 113
b Debt instruments at amortised cost
Government securities 9,706 8,731
State-owned company securities 1,910 2,327
Corporate bonds/debentures 6,636 7,304
Bankers’ acceptances 547 522
Other short-term liquid investments 1,524 1,219
20,323 20,103
Total investment securities 20,516 20,216
c Financial investment securities subject to impairment assessment
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 credit rating
system, aging and year-end stage classification.
Stage 3 Purchased
Credit- or
impaired originated
financial credit-
Stage 1 Stage 2 assets – impaired
2024 12 month ECL Lifetime ECL Lifetime ECL (POCI) Total
Gross exposure 17,272 1,120 14 2,032 20,438
ECL (4) (12) (7) (92) (115)
Net exposure 17,268 1,108 7 1,940 20,323
ECL allowance as at October 1, 2023 13 14 5 159 191
Translation adjustments – – (2) (30) (32)
ECL on new instruments issued during the year – 5 – – 5
Other credit loss movements, repayments
and maturities (9) (7) 4 (37) (49)
At September 30, 2024 4 12 7 92 115
