Annual Report 2012 - IOI Group

NOTES TO THEFINANCIAL STATEMENTS42. FINANCIAL INSTRUMENTS (Continued)42.4 Credit risk (Continued)42.4.2 Credit risk exposures and concentrationThe Group’s credit risks are mainly on financial assets relating to trade receivables, cash deposits, and securitiesplacement and investments as summarised in the table below for both the Group and Company level.NoteMaximumexposureCollateral andenhancementobtainedNet exposureto credit riskRM’000 RM’000 RM’000Collateral or creditenhancement obtainedGroup2012Financial assetsCash and bank balances 561,534 39 561,495 (i) Fidelity guarantee andcash-in-transitinsurance cover; and(ii) Banks’ limitedguarantee of depositsDeposits with financialinstitutions 29 2,023,978 – 2,023,978Trade and other receivables,excluded deposits andprepayments 1,413,578 327,440 1,086,138Other investments 27 75,202 – 75,202Short term funds 28 1,775,235 – 1,775,235Amounts due from associates 308 – 308Derivative assets 22 238,976 – 238,9766,088,811 327,479 5,761,332Letter of credit andcredit insurance2011Financial assetsCash and bank balances 467,425 40 467,385 (i) Fidelity guarantee andcash-in-transitinsurance cover; and(ii) Banks’ limitedguarantee of depositsDeposits with financialinstitutions 29 592,864 – 592,864Trade and other receivables,excluded deposits andprepayments 1,539,613 376,914 1,162,699Other investments 27 65,427 – 65,427Short term funds 28 1,725,237 – 1,725,237Amounts due from associates 397 – 397Derivative assets 22 226,991 – 226,9914,617,954 376,954 4,241,000Letter of credit andcredit insurance234IOI CORPORATION BERHADAnnual Report 2012