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 221 220 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 (cont’d.): Group ECL allowances 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January - - 2,270 2,270 Assets derecognised or repaid (excluding write-offs) - - (1,786) (1,786) Disposal of a subsidiary - - (484) (484) As at 31 December - - - - 10. BALANCES DUE FROM CLIENTS AND BROKERS Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Balances due from clients and brokers 473,299 573,523 473,189 573,444 Less: Allowance for ECL (18,352) (2,808) (18,352) (2,808) 454,947 570,715 454,837 570,636 10. BALANCES DUE FROM CLIENTS AND BROKERS (CONT’D.) 10.1 ECL allowance for balances due from clients and brokers are as follows: An analysis of changes in the ECL allowances in relation to balances due from clients and brokers is as follows: Group and Bank Non-Credit Impaired RM’000 Credit- Impaired RM’000 Total RM’000 2024 ECL allowances As at 1 January 1,553 1,255 2,808 Charged during the financial year 263 2,801 3,064 Net remeasurement of allowances - 13,337 13,337 Written back during the financial year (291) (566) (857) As at 31 December 1,525 16,827 18,352 Group and Bank Non-Credit Impaired RM’000 Credit- Impaired RM’000 Total RM’000 2023 ECL allowances As at 1 January 1,531 1,246 2,777 Charged during the financial year 157 598 755 Written back during the financial year (135) (465) (600) Written off during the financial year - (124) (124) As at 31 December 1,553 1,255 2,808
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