Page 143 - EXIM-Bank_Annual-Report-2023

Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 141

Notes to the fiNaNcial statemeNts

7. FINANCIAL INVESTMENTS AT FAIR VALuE THROuGH OTHER COMPREHENSIVE INCOME (“FVOCI”)
(cont’d)

Movements in the ECL on financial investments at FVOCI are as follows:
Stage 2 Stage 3
Stage 1 Lifetime ECL Lifetime
12-month not credit ECL credit
ECL impaired impaired Total ECL
rM’000 rM’000 rM’000 rM’000
At 1 January 2022 55 - 100,000 100,055
Allowance during the year 32 - - 32
At 31 December 2022/1 January 2023 87 - 100,000 100,087
Writeback during the year (87) - - (87)
At 31 December 2023 - - 100,000 100,000

8. FINANCIAL INvESTMENTS AT AMorTISED CoST

Group and Bank
2023 2022
rM’000 rM’000
Money market instruments:
Malaysian Government Securities 152,538 300,224
Unquoted securities:
Corporate Bonds and Sukuk 342,963 328,499
495,501 628,723
Less: Allowance for ECL on financial investments (261,706) (250,798)
Total financial investments at amortised cost 233,795 377,925

Movements in the ECL on financial investments at amortised cost are as follows:

Stage 2 Stage 3
Stage 1 Lifetime ECL Lifetime
12-month not credit ECL credit
ECL impaired impaired Total ECL
rM’000 rM’000 rM’000 rM’000

At 1 January 2022 7 118,101 - 118,108
Transferred to Stage 3 - (118,101) 118,101 -
Allowance during the year 8 - 125,985 125,993
Exchange differences - - 6,697 6,697
At 31 December 2022/1 January 2023 15 - 250,783 250,798
Writeback during the year (15) - (483) (498)
Total amount charged to profit or loss during the period - - 250,300 250,300
Other movement with no profit or loss impact:
- Exchange differences - - 11,406 11,406
At 31 December 2023 - - 261,706 261,706