NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 212 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 10. BALANCES DUE FROM CLIENTS AND BROKERS Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Balances due from clients and brokers 573,523 430,415 573,444 430,254 Less: Allowance for ECL (2,808) (2,777) (2,808) (2,777) 570,715 427,638 570,636 427,477 10.1 ECL allowance for balances due from clients and brokers are as follows: An analysis of changes in the ECL allowances in relation to balances due from clients and brokers is as follows: Group and Bank Non-Credit Impaired RM’000 CreditImpaired RM’000 Total RM’000 2023 ECL allowances As at 1 January 1,531 1,246 2,777 Charged during the financial year 157 598 755 Written back during the financial year (135) (465) (600) Written off during the financial year - (124) (124) As at 31 December 1,553 1,255 2,808 Non-Credit Impaired RM’000 CreditImpaired RM’000 Total RM’000 2022 ECL allowances As at 1 January 1,535 1,276 2,811 Charged during the financial year 175 609 784 Written back during the financial year (179) (624) (803) Written off during the financial year - (15) (15) As at 31 December 1,531 1,246 2,777
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