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 219 218 9. LOANS, ADVANCES AND FINANCING (CONT’D.) 9.2 Impairment allowance for loans, advances and financing are as follows (cont’d.): (c) Other lending and factoring receivables Group Internal rating grade 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Performing: - Satisfactory 13,194 - - 13,194 - Substandard 13,914 - - 13,914 Non-performing: - Default - - 4,265 4,265 Total 27,108 - 4,265 31,373 Group Internal rating grade 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Performing: - Strong 5,022 - - 5,022 - Satisfactory - 737 - 737 - Substandard 2,011 - - 2,011 Non-performing: - Default - - 4,430 4,430 Total 7,033 737 4,430 12,200 9. LOANS, ADVANCES AND FINANCING (CONT’D.) 9.2 Impairment allowance for loans, advances and financing are as follows (cont’d.): (c) Other lending and factoring receivables (cont’d.) An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to other financing is as follows: Group Gross carrying amount 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total As at 1 January 7,033 737 4,430 12,200 New assets originated or purchased 27,295 - 365 27,660 Assets derecognised or repaid (excluding write-offs) (7,220) (737) (530) (8,487) As at 31 December 27,108 - 4,265 31,373 Group Gross carrying amount 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 46,052 - 12,833 58,885 New assets originated or purchased 13,433 - 706 14,139 Assets derecognised or repaid (excluding write-offs) (41,586) - (8,625) (50,211) Disposal of subsidiary (10,129) - (484) (10,613) Transfers of stages (737) 737 - - As at 31 December 7,033 737 4,430 12,200 Group ECL allowances 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January/ 31 December - - - -
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