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 303 302 51. FINANCIAL RISK MANAGEMENT (CONT’D.) (a) Credit risk (cont’d.) (ii) Credit quality by class of financial assets (cont’d.) Group Neither past due nor impaired Non rated Stage 1 RM'000 Stage 2 RM'000 Default/ impaired Stage 3 RM'000 ECL on individually impaired RM'000 ECL on collectively impaired RM'000 Total RM'000 Strong credit profile Stage 1 RM'000 Satisfactory risk Stage 1 RM'000 Substandard Stage 1 RM'000 31 December 2024 Cash and bank balances 2,098,059 - - - - - - - 2,098,059 Statutory deposit with Bank Negara Malaysia 73,768 - - - - - - - 73,768 Financial assets at FVTPL Unquoted shares and funds in Malaysia 120,679 134,338 - - - - - - 255,017 Net loans, advances and financing Term loans 50,017 356,331 108,691 - 13,235 - - (750) 527,524 Islamic term loans - 114,377 8,502 - - - - (803) 122,076 Share margin financing 303,566 721,041 20,898 - 8,498 94,152 (5,692) - 1,142,463 Islamic share margin financing - 334 82 - - - - - 416 Others - 13,194 13,914 - - 4,265 - - 31,373 Carried forward 2,646,089 1,339,615 152,087 - 21,733 98,417 (5,692) (1,553) 4,250,696 51. FINANCIAL RISK MANAGEMENT (CONT’D.) (a) Credit risk (cont’d.) (ii) Credit quality by class of financial assets (cont’d.) Group Neither past due nor impaired Non rated Stage 1 RM'000 Stage 2 RM'000 Default/ impaired Stage 3 RM'000 ECL on individually impaired RM'000 ECL on collectively impaired RM'000 Total RM'000 Strong credit profile Stage 1 RM'000 Satisfactory risk Stage 1 RM'000 Substandard Stage 1 RM'000 31 December 2024 Brought forward 2,646,089 1,339,615 152,087 - 21,733 98,417 (5,692) (1,553) 4,250,696 Financial investments at FVOCI Debt instruments: Malaysian Government Securities 291,869 - - - - - - - 291,869 Malaysian Government Investment Certificates 402,651 - - - - - - - 402,651 Islamic Corporate Sukuk 137,238 - - - - - - - 137,238 Corporate Bonds 35,394 - - - - - - - 35,394 Equity instrument: Unquoted equities - - - 1,421 - - - - 1,421 Financial investments at AC Malaysian Government Securities 125,560 - - - - - - - 125,560 Malaysian Government Investment Certificates 260,201 - - - - - - - 260,201 Islamic Corporate Sukuk 135,257 - - - - - - - 135,257 Derivative financial assets - - - 49,697 - - - - 49,697 Balances due from clients and brokers 378,879 - - - 5,009 89,411 (16,827) (1,525) 454,947 Other assets, excluding prepayments and deposits 408,342 - - - 2,297 84,998 (75,815) (109) 419,713 Total 4,821,480 1,339,615 152,087 51,118 29,039 272,826 (98,334) (3,187) 6,564,644
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