NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) FINANCIAL STATEMENTS 13. Financing receivables Group 2022 2021 RM’000 RM’000 Loan receivables (Secured) 218,653 244,252 Loan receivables (Unsecured) 22,760 26,771 Hire purchase and finance lease receivables 32,629 44,126 Ijarah financing receivables 25,940 15,293 Micro financing receivables 2 2 299,984 330,444 Less: Unearned profit (9,077) (8,763) Gross financing receivables 290,907 321,681 Less: Allowance for ECLs (1,981) (2,404) Net financing receivables 288,926 319,277 The maturity of the financing receivables is as follows: Group 2022 2021 RM’000 RM’000 Non-current 243,456 279,316 Current 45,470 39,961 288,926 319,277 Movements in the allowance for ECLs are as follows: Group 2022 2021 RM’000 RM’000 At beginning of the financial year 2,404 2,165 Charge for the financial year - 239 Reversal during the financial year (423) - At end of the financial year 1,981 2,404 209
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