KENANGA ANNUAL REPORT 2023

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 194 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 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 (cont’d.): Group and Bank ECL allowances 2022 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 49 - - 49 Changes in model assumption or methodology (49) - - (49) As at 31 December - - - - Included in financial investments measured at amortised cost are financial assets sold under repurchase agreements as follows: Group and Bank 2023 RM’000 2022 RM’000 Malaysian Government Securities (Note 25) 97,232 - 97,232 - 8. DERIVATIVE FINANCIAL ASSETS Group and Bank 2023 RM’000 2022 RM’000 At fair value Dual currency investment - Options 5 10 Equity related contracts - Options 26,415 29,449 Equity related contracts - Swap 209 3,295 Equity related contracts - Forward 49,309 52,463 75,938 85,217

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