KENANGA ANNUAL REPORT 2023

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 208 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.): (c) Other lending and factoring receivables and advances to group employees Other lending and factoring receivables (cont’d.) An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to other financing is as follows (cont’d.): Group ECL allowances 2022 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 13 - 664 677 New assets originated or purchased - - 1,786 1,786 Assets derecognised or repaid (excluding write-offs) (13) - (180) (193) As at 31 December - - 2,270 2,270 Advances to group employees Group and Bank 2023 RM’000 2022 RM’000 Gross carrying amount - 2 (d) Undrawn commitment Group Internal rating grade 2023 Stage 1 RM’000 2022 Stage 1 RM’000 Performing: - Satisfactory 119,933 80,561 Bank Internal rating grade 2023 Stage 1 RM’000 2022 Stage 1 RM’000 Performing: - Satisfactory 205,933 170,561

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