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 205 204 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (b) Financial instruments at amortised cost: Group and Bank 2024 RM’000 2023 RM’000 Debt instruments: Malaysian Government Securities 125,560 125,853 Malaysian Government Investment Certificates 260,201 228,204 Islamic Corporate Sukuk 136,411 116,739 522,172 470,796 Less: Allowance for ECL (1,154) - Total financial instruments at amortised cost 521,018 470,796 Debt instruments measured at amortised cost The table below shows the credit quality and the maximum exposure to credit risk based on the Group’s and the Bank’s internal credit rating system and year-end stage classification. The amounts presented are gross of impairment allowances. Details of the Group’s and of the Bank’s internal grading system are explained in Note 51(a). Group and Bank Internal rating grade 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Investment grade 522,172 - - 522,172 Group and Bank Internal rating grade 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Investment grade 470,796 - - 470,796 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (b) Financial instruments at amortised cost (cont’d.): An analysis of changes in the gross carrying amount and the corresponding ECLs is as follows: Group and Bank Gross carrying amount 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 470,796 - - 470,796 New assets purchased 71,740 - - 71,740 Assets derecognised or matured (excluding write-offs) (20,000) - - (20,000) Change in fair value (364) - - (364) As at 31 December 522,172 - - 522,172 Group and Bank Gross carrying amount 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 449,114 - - 449,114 New assets purchased 253,770 - - 253,770 Assets derecognised or matured (excluding write-offs) (231,886) - - (231,886) Change in fair value (202) - - (202) As at 31 December 470,796 - - 470,796 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 - - - - New assets purchased 394 - - 394 Net remeasurement of allowances 760 - - 760 As at 31 December 1,154 - - 1,154
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