Bursa Malaysia • Annual Report 2013
167
Financial Reports
35. Financial risk management objectives and policies (cont’d.)
(e) Credit risk (cont’d.)
Investment securities and cash and bank balances
The counterparty risk rating of the Group and of the Company’s investment securities and cash and bank balances with financial institutions at
the financial year end are as follows:
Counterparty risk ratings
GG
P1
AAA
AA
A
BB
Total
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
Group
At 31 December 2013
Cash and bank balances
-
-
710,502
388,697
53,160
-
1,152,359
AFS financial assets
- unquoted bonds
1,939
-
26,840
72,683
-
-
101,462
HTM investment
- commercial papers
-
14,632
-
-
-
-
14,632
At 31 December 2012
Cash and bank balances
-
-
848,475
673,201
124,827
-
1,646,503
AFS financial assets
- unquoted bonds
496
-
17,366
73,292
4,586
3,858
99,598
HTM investment
- commercial papers
-
19,798
-
-
-
-
19,798
Note a
Note a
The risk rating of this AFS unquoted bond was downgraded from AA to BBB in 2010 and subsequently to BB in 2011. This bond was disposed off
during the financial year.
Counterparty risk ratings
GG
P1
AAA
AA
A
Total
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
Company
At 31 December 2013
Cash and bank balances
-
-
42,506
81,973
20,280
144,759
AFS financial assets - unquoted bonds
1,939
-
6,861
17,745
-
26,545
HTM investment - commercial papers
-
9,723
-
-
-
9,723
At 31 December 2012
Cash and bank balances
-
-
130,698
83,963
53,714
268,375
AFS financial assets - unquoted bonds
496
-
7,229
17,814
4,586
30,125
HTM investment - commercial papers
-
14,840
-
-
-
14,840
Notes to the Financial Statements
31 December 2013
