KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED SHAREHOLDERS’ INFORMATION NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 FINANCIAL STATEMENTS ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 203 202 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (a) Financial instruments at FVOCI (cont’d.): Impairment losses on financial instruments subject to impairment assessment (cont’d.) Debt instruments at FVOCI (cont’d.) An analysis of changes in the fair value and the corresponding ECLs is as follows: Group and Bank 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 875,939 - - 875,939 New assets originated or purchased 533,815 - - 533,815 Assets derecognised or matured (excluding write-offs) (542,028) - - (542,028) Change in fair value (574) - - (574) As at 31 December 867,152 - - 867,152 Group and Bank 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 312,901 4,978 - 317,879 New assets originated or purchased 1,121,317 - - 1,121,317 Assets derecognised or matured (excluding write-offs) (568,974) (4,896) - (573,870) Change in fair value 10,695 (82) - 10,613 As at 31 December 875,939 - - 875,939 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (a) Financial instruments at FVOCI (cont’d.): Impairment losses on financial instruments subject to impairment assessment (cont’d.) Debt instruments at FVOCI (cont’d.) An analysis of changes in the fair value and the corresponding ECLs is as follows (cont’d.): Group and Bank ECL allowances 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 1,460 - - 1,460 New assets originated or purchased 86 - - 86 Net remeasurement of allowances (409) - - (409) Changes in model assumption and methodology (107) - - (107) Assets derecognised or matured (excluding write-offs) (491) - - (491) As at 31 December 539 - - 539 Group and Bank ECL allowances 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 261 128 - 389 Net remeasurement of allowances (95) - - (95) Changes in model assumption and methodology 1,294 - - 1,294 Assets derecognised or matured (excluding write-offs) - (128) - (128) As at 31 December 1,460 - - 1,460
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