KENANGA ANNUAL REPORT 2023

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 201 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 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 (cont’d.): Bank Gross carrying amount 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 507,634 63,386 - 571,020 New assets originated or purchased 276,478 4,059 - 280,537 Assets derecognised or repaid (excluding write-offs) (223,084) (29,263) - (252,347) As at 31 December 561,028 38,182 - 599,210 Gross carrying amount 2022 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 532,582 63,073 - 595,655 New assets originated or purchased 165,979 4,625 - 170,604 Assets derecognised or repaid (excluding write-offs) (190,952) (4,318) - (195,270) Modification of contractual cash flow of assets 25 6 - 31 As at 31 December 507,634 63,386 - 571,020

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