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39. Financial instruments (cont’d.)
(b) Credit quality of financial assets
The credit quality of financial assets that are not impaired can be assessed by reference to external credit ratings (if available)
or to historical information about counterparty default rates:
Group
Company
2017
RM’mil
2016
RM’mil
2017
RM’mil
2016
RM’mil
Counterparties without external credit rating (Note 18)
Group 1
4
1
4
1
Group 2
192
107
63
83
196
108
67
84
Cash at bank and short term bank deposits (Note 26)
AAA to A-
1,574
1,733
994
1,418
BBB to B3
308
9
308
9
1,882
1,742
1,302
1,427
Derivative financial assets (Note 21)
AA+ to A+
471
185
471
185
A to BBB-
103
1,015
103
1,015
No rating
14
333
14
333
588
1,533
588
1,533
Group
Company
2017
RM’mil
2016
RM’mil
2017
RM’mil
2016
RM’mil
Amounts due from subsidiaries
Group 2
–
–
1,582
801
Amounts due from joint ventures
Group 2
5
9
–
9
Amounts due from associates
Group 2
148
856
108
627
Amounts due from related parties
Group 2
8
37
3
16
Group 1 -
New customers/related parties (Less than 6 months)
Group 2 -
Existing customers/related parties (more than 6months) with no defaults in the past.
Group 3 -
Existing customers/related parties (more than 6months) with some defaults in the past.
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349
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS