NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 294 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 2022 Brought forward 2,342,371 1,139,499 62,789 2 93,823 43,179 (19,303) (3,070) 3,659,290 Financial investments at FVOCI Debt instruments: Malaysian Government Securities 19,373 - - - - - - - 19,373 Malaysian Government Investment Certificates 59,534 - - - - - - - 59,534 Islamic Corporate Sukuk 179,399 - - - 4,978 - - - 184,377 Corporate bonds 54,595 - - - - - - - 54,595 Equity instrument: Unquoted equities - - - 1,294 - - - - 1,294 Financial investments at AC Corporate Bonds 20,002 - - - - - - - 20,002 Malaysian Government Securities 49,677 - - - - - - - 49,677 Malaysian Government Investment Certificates 177,316 - - - - - - - 177,316 Islamic Corporate Sukuk 202,119 - - - - - - - 202,119 Derivative financial assets - - - 85,217 - - - - 85,217 Balances due from clients and brokers 397,657 - - - 13,156 19,602 (1,246) (1,531) 427,638 Other assets, excluding prepayments and deposits 147,741 - - 80 4,447 21,927 (11,327) (332) 162,536 Total 3,649,784 1,139,499 62,789 86,593 116,404 84,708 (31,876) (4,933) 5,102,968
RkJQdWJsaXNoZXIy NDgzMzc=