KENANGA ANNUAL REPORT 2023

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 197 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 9. LOANS, ADVANCES AND FINANCING (CONT’D.) (iv) Gross loans, advances and financing analysed by economic purpose are as follows: Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Purchase of securities 1,382,070 1,401,784 1,382,070 1,401,784 Working capital 108,716 138,982 139,014 170,161 Others 216,792 172,082 212,361 152,133 1,707,578 1,712,848 1,733,445 1,724,078 (v) Gross loans, advances and financing analysed by residual contractual maturity are as follows: Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Within one year 1,478,996 1,494,342 1,486,858 1,484,823 More than one year 228,582 218,506 246,587 239,255 1,707,578 1,712,848 1,733,445 1,724,078 9.1 Movements in impaired loans, advances and financing (“Impaired LAF”) Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 At beginning of the financial year 43,179 73,141 30,346 64,700 Impaired during the financial year 31,663 9,188 31,663 4,041 Reclassified as performing - (30,505) - (30,505) Disposal of a subsidiary (484) - - - Amount recovered during the financial year (12,887) (8,645) (4,968) (7,890) At end of the financial year 61,471 43,179 57,041 30,346 Less: Allowance for ECL (3,296) (19,303) (3,296) (17,033) Net impaired LAF 58,175 23,876 53,745 13,313 Net impaired LAF as a % of net loans, advances and financing 3.42% 1.41% 3.11% 0.78%

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