KENANGA ANNUAL REPORT 2019

171 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (b) Financial instruments at amortised cost: Group and Bank 2019 RM’000 2018 RM’000 Debt instruments: Malaysian Government Investment Certificates 9,892 9,876 Corporate Bonds 20,030 20,038 Islamic Corporate Sukuk 83,172 92,202 113,094 122,116 Less: Allowance for ECL (338) (860) Total financial instruments at amortised cost 112,756 121,256 Debt instrument 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). Group and Bank 2019 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 Group and Bank 2018 Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Investment grade 100,116 - - 100,116 Non investment grade - 22,000 - 22,000 100,116 22,000 - 122,116