NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 338 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (h) Financing and advances (cont’d.) (vi) Impairment allowance for financing and advances are as follows (cont’d.): Undrawn Commitment: ECL allowances 2023 Stage 1 RM’000 Total RM’000 As at 1 January - - New assets originated 159 159 Assets derecognised or repaid (excluding write-offs) (66) (66) As at 31 December 93 93 ECL allowances 2022 Stage 1 RM’000 Total RM’000 As at 1 January/31 December - - (i) Other assets Group and Bank 2023 RM’000 2022 RM’000 Income receivables 3,426 2,433 Prepayment 8 6 Other receivables 3,072 89 Less: ECL (27) (54) 6,479 2,474 (i) Impairment allowance for other receivables: ECL allowances 2023 Non-credit Impaired RM’000 Credit Impaired RM’000 Total RM’000 As at 1 January 1 53 54 New assets originated 6 3 9 Assets derecognised or repaid (excluding write-offs) - (36) (36) Transfer of stages during the year (6) 6 - As at 31 December 1 26 27
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