NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 204 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.): (b) Share margin financing Group and Bank Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 2023 Performing: - Strong 350,187 51 - 350,238 - Satisfactory 726,587 12 - 726,599 - Substandard 357 - - 357 Non-performing: - Default - - 57,041 57,041 Total 1,077,131 63 57,041 1,134,235 2022 Performing: - Strong 339,547 - - 339,547 - Satisfactory 752,549 30,438 - 782,987 - Substandard 176 - - 176 Non-performing: - Default - - 30,346 30,346 Total 1,092,272 30,438 30,346 1,153,056 An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to share margin financing is as follows: Group and Bank Gross carrying amount 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 1,092,272 30,438 30,346 1,153,056 New assets originated or purchased 730,988 1,213 - 732,201 Assets derecognised or repaid (excluding write-offs) (712,771) (13,196) (4,968) (730,935) Transfers of stages (12,868) (18,795) 31,663 - Impact of remeasurement (20,490) 403 - (20,087) As at 31 December 1,077,131 63 57,041 1,134,235
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