KENANGA ANNUAL REPORT 2023

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 193 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (b) Financial instruments at amortised cost (cont’d.): An analysis of changes in the gross carrying amount and the corresponding ECLs is as follows: Group and Bank Gross carrying amount 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 449,114 - - 449,114 New assets purchased 253,770 - - 253,770 Assets derecognised or matured (excluding write-offs) (231,886) - - (231,886) Change in fair value (202) - - (202) As at 31 December 470,796 - - 470,796 Group and Bank Gross carrying amount 2022 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 213,709 - - 213,709 New assets purchased 485,257 - - 485,257 Assets derecognised or matured (excluding write-offs) (249,128) - - (249,128) Change in fair value (724) - - (724) As at 31 December 449,114 - - 449,114 Group and Bank ECL allowances 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January/ 31 December - - - -

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