Page 134 - RFHL ANNUAL REPORT 2024_ONLINE

132 Notes to the Consolidated Financial Statements

For the Year Ended September 30, 2024.
Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

5. Investment securities (continued)
c Financial investment securities subject to impairment assessment (continued)
Debt instruments measured at amortised cost (continued)

Stage 3 Purchased
Credit- or
impaired originated
financial credit-
Stage 1 Stage 2 assets – impaired
2023 12 month ECL Lifetime ECL Lifetime ECL (POCI) Total

Gross exposure 16,851 1,128 7 2,308 20,294
ECL (13) (14) (5) (159) (191)

Net exposure 16,838 1,114 2 2,149 20,103

ECL allowance as at October 1, 2022 12 16 63 142 233
Translation adjustments 2 2 4 3 11
ECL on new instruments issued during the year 1 4 – 146 151
Other credit loss movements, repayments
and maturities – (6) (62) (330) (398)
ECL on old instruments converted in
debt restructure (2) (2) – 198 194

At September 30, 2023 13 14 5 159 191

The decrease in investment securities classified as POCI reflects a decrease in the exposure to bonds issued by the
Governments of Barbados and Ghana following the Debt Exchange offer in 2019 and 2023 respectively.

d Designated at Fair value through profit or loss
Mutual fund securities are quoted and fair value is determined to be the quoted price at the reporting date. Holdings in
unquoted equities are insignificant for the Group.

6. Investment in associated companies

2024 2023

Balance at beginning of year 69 63
Share of profit 9 6

Balance at end of year 78 69