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 347 346 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (h) Financing and advances (cont’d.) (v) Gross financing and advances analysed by residual contractual maturity are as follows: Group and Bank 2024 RM’000 2023 RM’000 Within one year 59,765 82,020 More than one year 63,529 57,652 123,294 139,672 (vi) Impairment allowance for financing and advances are as follows: Term Financing : ECL allowances Group & Bank 2024 Stage 1 RM’000 Total RM’000 As at 1 January 208 208 New assets originated 98 98 Assets derecognised or repaid (excluding write-offs) (53) (53) Net remeasurement of allowances 42 42 Changes in model assumption or methodology 52 52 As at 31 December 347 347 ECL allowances Group & Bank 2023 Stage 1 RM’000 Total RM’000 As at 1 January 55 55 New assets originated 375 375 Assets derecognised or repaid (excluding write-offs) (70) (70) Net remeasurement of allowances (152) (152) As at 31 December 208 208 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (i) Other assets Group and Bank 2024 RM’000 2023 RM’000 Income receivables 4,066 3,426 Prepayment 1 8 Other receivables 3,051 3,072 Less: ECL (27) (27) 7,091 6,479 (i) Impairment allowance for other receivables: ECL allowances 2024 Non-credit Impaired RM’000 Credit Impaired RM’000 Total RM’000 As at 1 January 1 26 27 New assets originated 4 31 35 Assets derecognised or repaid (excluding write-offs) - (35) (35) Transfer of stages during the year (5) 5 - As at 31 December - 27 27 ECL allowances 2023 Non-credit Impaired RM’000 Credit Impaired RM’000 Total RM’000 As at 1 January 1 53 54 New assets originated 6 3 9 Assets derecognised or repaid (excluding write-offs) - (36) (36) Transfer of stages during the year (6) 6 - As at 31 December 1 26 27
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