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 259 258 34. OTHER OPERATING EXPENSES (CONT’D.) Included in the other operating expenses are the following (cont’d.): Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Directors’ remuneration (Note 40) 4,131 3,998 3,653 3,544 Property, plant and equipment and computer software written off 51 40 16 34 Impairment allowance on intangible assets (Note 17(d)(ii)) - 195 - 195 35. CREDIT LOSS (EXPENSE)/REVERSAL Note Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 ECL on debt instruments and loans, advances and financing (a) 4,075 18,705 2,915 17,348 ECL on other financial assets (b) (58,352) (24,231) (32,669) (17,353) (54,277) (5,526) (29,754) (5) The table below shows the ECL charges on financial instruments for the financial year recorded in the statement of profit or loss: Group (a) Movements in ECL on debt instruments and loans, advances and financing: 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Debts instruments at FVOCI (Note 7(a)) 921 - - 921 Debts instruments at amortised cost (Note 7(b)) (1,154) - - (1,154) Loans, advances and financing (Note 9.2) (266) 1,991 (2,396) (671) Loan commitments 42 - - 42 Recoveries from share margin financing - - 4,937 4,937 Credit loss (expense)/reversal (457) 1,991 2,541 4,075 35. CREDIT LOSS (EXPENSE)/REVERSAL (CONT’D.) Group (cont’d.) (a) Movements in ECL on debt instruments and loans, advances and financing (cont’d.): 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Debts instruments at FVOCI (Note 7(a)) (1,199) 128 - (1,071) Loans, advances and financing (Note 9.2) (367) 159 15,523 15,315 Loan commitments (42) - - (42) Recoveries from share margin financing - - 4,503 4,503 Credit loss (expense)/reversal (1,608) 287 20,026 18,705 (b) Movements in ECL on other financial assets: 2024 Non- Credit Impaired RM’000 Credit- Impaired RM’000 Total RM’000 Balances due from clients and brokers (Note 10.1) 28 (15,572) (15,544) Other debtors (Note 11.1) (466) (42,342) (42,808) Credit loss expense (438) (57,914) (58,352) 2023 Non- Credit Impaired RM’000 Credit- Impaired RM’000 Total RM’000 Balances due from clients and brokers (Note 10.1) (22) (133) (155) Other debtors (Note 11.1) (1,842) (22,234) (24,076) Credit loss expense (1,864) (22,367) (24,231)
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