KENANGA ANNUAL REPORT 2023

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 335 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (g) Financial investments other than those measured at FVTPL (cont’d.) (iii) Impairment losses on financial investments subject to impairment assessment FVOCI An analysis of changes in the ECL is, as follows: Group and Bank 2023 RM’000 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total Movement in ECL As at 1 January - 128 - 128 Assets derecognised or repaid (excluding write-offs) - (128) - (128) As at 31 December - - - - Group and Bank 2022 RM’000 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total Movement in ECL As at 1 January - - - - Impact of net re-measurement of ECL 50 78 - 128 Transfer of stages (50) 50 - - As at 31 December - 128 - 128

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