NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 200 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 9. LOANS, ADVANCES AND FINANCING (CONT’D.) 9.2 Impairment allowance for loans, advances and financing are as follows (cont’d.): (a) Term loans/financing and subordinated term loan (cont’d.) An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to term loans/financing and subordinated term loan is as follows: Group Gross carrying amount 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 437,519 63,386 - 500,905 New assets originated or purchased 273,305 4,059 - 277,364 Assets derecognised or repaid (excluding write-offs) (187,863) (29,263) - (217,126) As at 31 December 522,961 38,182 - 561,143 Gross carrying amount 2022 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 476,004 63,073 - 539,077 New assets originated or purchased 147,622 4,625 - 152,247 Assets derecognised or repaid (excluding write-offs) (186,132) (4,318) - (190,450) Modification of contractual cash flow of assets 25 6 - 31 As at 31 December 437,519 63,386 - 500,905
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