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 345 344 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (g) Financial investments other than those measured at FVTPL (cont’d.) (iii) Impairment losses on financial investments subject to impairment assessment FVOCI An analysis of changes in the ECL is, as follows: Group and Bank 2024 RM’000 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total ECL allowances As at 1 January - - - - Net remeasurement of allowances 61 - - 61 As at 31 December 61 - - 61 Group and Bank 2023 RM’000 Stage 1 RM’000 Stage 2 RM’000 Stage 2 RM’000 Total ECL allowances As at 1 January - 128 - 128 Assets derecognised or repaid (excluding write-offs) - (128) - (128) As at 31 December - - - - 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (h) Financing and advances Group and Bank 2024 RM’000 2023 RM’000 Restated (Note 57) Commodity Murabahah term financing - Shariah contract - others 72,031 57,652 Commodity Murabahah revolving credit - Shariah contract - others 50,847 81,186 Commodity Murabahah share margin financing - Shariah contract - others 416 834 Gross financing and advances 123,294 139,672 Less: Allowance for ECL (347) (208) Net financing and advances 122,947 139,464 (i) Gross financing and advances analysed by type of customer are as follows: Domestic business enterprises 73,893 84,544 Individuals 49,401 55,128 123,294 139,672 (ii) Gross financing and advances analysed by geographical distribution are as follows: In Malaysia 123,294 139,672 (iii) Gross financing and advances analysed by profit rate sensitivity are as follows: Fixed rate 416 834 Variable rate - Cost plus 122,878 138,838 123,294 139,672 (iv) Gross financing and advances analysed by economic purpose are as follows: Group and Bank 2024 RM’000 2023 RM’000 Purchase of securities 8,918 15,843 Working capital 38,739 61,800 Others 75,637 62,029 123,294 139,672
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