NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 202 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 (cont’d.): Group ECL allowances 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 170 2,900 - 3,070 New assets originated or purchased 531 - - 531 Assets derecognised or repaid (excluding write-offs) (226) - - (226) Impact of remeasurement 85 (159) - (74) Changes in model assumption or methodology (23) - - (23) As at 31 December 537 2,741 - 3,278 ECL allowances 2022 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 2,936 - - 2,936 New assets originated or purchased 93 - - 93 Assets derecognised or repaid (excluding write-offs) (122) - - (122) Impact of remeasurement (12) - - (12) Changes in model assumption or methodology (2,725) 2,900 - 175 As at 31 December 170 2,900 - 3,070
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