NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 292 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 51. FINANCIAL RISK MANAGEMENT (CONT’D.) (a) Credit risk (cont’d.) (ii) Credit quality by class of financial assets (cont’d.) Group Neither past due nor impaired Non rated Stage 1 RM’000 Stage 2 RM’000 Default/ impaired Stage 3 RM’000 ECL on individually impaired RM’000 ECL on collectively impaired RM’000 Total RM’000 Strong credit profile Stage 1 RM’000 Satisfactory risk Stage 1 RM’000 Sub- standard Stage 1 RM’000 31 December 2023 Brought forward 2,069,172 1,164,678 87,238 - 38,982 61,471 (3,296) (3,320) 3,414,925 Financial investments at FVOCI Debt instruments: Malaysian Government Securities 177,379 - - - - - - - 177,379 Malaysian Government Investment Certificates 331,282 - - - - - - - 331,282 Islamic Corporate Sukuk 167,187 - - - - - - - 167,187 Corporate Bonds 40,447 - - - - - - - 40,447 Islamic Negotiable Instruments of Deposits 159,644 - - - - - - - 159,644 Equity instrument: Unquoted equities - - - 1,343 - - - - 1,343 Financial investments at AC Malaysian Government Securities 125,853 - - - - - - - 125,853 Malaysian Government Investment Certificates 228,204 - - - - - - - 228,204 Islamic Corporate Sukuk 116,739 - - - - - - - 116,739 Derivative financial assets - - - 75,938 - - - - 75,938 Balances due from clients and brokers 549,165 - - - 9,334 15,024 (1,255) (1,553) 570,715 Other assets, excluding prepayments and deposits 143,598 - - 80 3,106 58,425 (35,594) (141) 169,474 Total 4,108,670 1,164,678 87,238 77,361 51,422 134,920 (40,145) (5,014) 5,579,130
RkJQdWJsaXNoZXIy NDgzMzc=