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 307 306 51. FINANCIAL RISK MANAGEMENT (CONT’D.) (a) Credit risk (cont’d.) (ii) Credit quality by class of financial assets (cont’d.) Bank 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 1,386,786 - - - - - - - 1,386,786 Statutory deposit with Bank Negara Malaysia 73,768 - - - - - - - 73,768 Financial assets at FVTPL Unquoted shares and funds in Malaysia 122,882 134,338 - - - - - - 257,220 Net loans, advances and financing Term loans 50,017 414,501 108,691 - 13,235 - - (1,668) 584,776 Islamic term loans - 114,376 8,502 - - - - (802) 122,076 Share margin financing 303,566 721,043 20,898 - 8,498 94,150 (5,692) - 1,142,463 Islamic share margin financing - 334 82 - - - - - 416 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 378,769 - - - 5,009 89,411 (16,827) (1,525) 454,837 Other assets, excluding prepayments and deposits 195,395 - - - 2,297 45,023 (38,398) (615) 203,702 Total 3,899,353 1,384,592 138,173 51,118 29,039 228,584 (60,917) (4,610) 5,665,332 51. FINANCIAL RISK MANAGEMENT (CONT’D.) (a) Credit risk (cont’d.) (ii) Credit quality by class of financial assets (cont’d.) Bank 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 2023 Cash and bank balances 974,727 - - - - - - - 974,727 Statutory deposit with Bank Negara Malaysia 60,620 - - - - - - - 60,620 Financial assets at FVTPL Unquoted shares and funds in Malaysia 171,203 - - - - - - - 171,203 Net loans, advances and financing Term loans - 352,328 69,861 - 38,182 - - (2,923) 457,448 Islamic term loans - 123,830 15,009 - - - - (579) 138,260 Share margin financing 349,511 726,429 357 - 63 57,041 (3,296) - 1,130,105 Islamic share margin financing 676 158 - - - - - - 834 Financial investments at FVOCI Debt instruments: Malaysian Government Securities 177,379 - - - - - - - 177,379 Malaysian Government Investment Certificates 331,282 - - - - - - - 331,282 Islamic Corporate Sukuk 167,187 - - - - - - - 167,187 Corporate Bonds 40,447 - - - - - - - 40,447 Islamic Negotiable Instruments of Deposits 159,644 - - - - - - - 159,644 Equity instrument: Unquoted equities - - - 1,343 - - - - 1,343 Financial investments at AC Malaysian Government Securities 125,853 - - - - - - - 125,853 Malaysian Government Investment Certificates 228,204 - - - - - - - 228,204 Islamic Corporate Sukuk 116,739 - - - - - - - 116,739 Derivative financial assets - - - 75,938 - - - - 75,938 Balances due from clients and brokers 549,086 - - - 9,334 15,024 (1,255) (1,553) 570,636 Other assets, excluding prepayments and deposits 136,337 - - - 3,106 44,365 (23,861) (235) 159,712 Total 3,588,895 1,202,745 85,227 77,281 50,685 116,430 (28,412) (5,290) 5,087,561
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