NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 195 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 8. DERIVATIVE FINANCIAL ASSETS (CONT’D.) Group and Bank 2023 RM’000 2022 RM’000 Contract/Notional amount Dual currency investment - Options 3,074 2,126 Equity related contracts - Options 25,985 29,338 Equity related contracts - Swap 19,439 64,187 Equity related contracts - Forward 51,342 57,354 99,840 153,005 The contractual or underlying notional amounts of derivative financial assets held at fair value through profit or loss reflect the value of transactions outstanding as at reporting date, and do not represent amounts at risk. 9. LOANS, ADVANCES AND FINANCING Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 At amortised cost Term loans/financing 561,143 500,905 574,172 525,953 Share margin financing 1,134,235 1,153,056 1,134,235 1,153,056 Other lending and factoring receivables 12,200 58,885 - - Advances to group employees - 2 - 2 Subordinated term loan * - - 25,038 45,067 Gross loans, advances and financing 1,707,578 1,712,848 1,733,445 1,724,078 Less: Allowance for ECL - Stage 1 - 12-month ECL (579) (170) (761) (635) - Stage 2 - Lifetime ECL not credit impaired (2,741) (2,900) (2,741) (2,900) - Stage 3 - Lifetime ECL credit impaired (3,296) (19,303) (3,296) (17,033) Net loans, advances and financing 1,700,962 1,690,475 1,726,647 1,703,510 * Subordinated term loan to a subsidiary The subordinated loan granted to a subsidiary, Kenanga Futures Sdn Bhd, is unsecured with effective interest rate of 6.02% per annum (2022: 4.76%) and is repayable by March 2027.
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