KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 172 KENANGA INVESTMENT BANK BERHAD 10. LOANS, ADVANCES AND FINANCING (CONT’D.) (iv) Gross loans, advances and financing analysed by economic purpose are as follows: Group Bank 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Purchase of securities 1,715,237 1,836,502 1,704,785 1,819,194 Working capital 154,549 193,274 159,238 203,635 Others 166,908 168,658 143,244 159,559 2,036,694 2,198,434 2,007,267 2,182,388 (v) Gross loans, advances and financing analysed by residual contractual maturity are as follows: Group Bank 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Within one year 1,656,272 1,778,176 1,640,660 1,751,870 More than one year 380,422 420,258 366,607 430,518 2,036,694 2,198,434 2,007,267 2,182,388 10.1 Movements in impaired loans, advances and financing (“Impaired loans”) Group Bank 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 At beginning of the financial year 2,737 2,608 1,910 1,735 Impaired during the financial year 57,814 176 57,814 176 Amount written off against allowance for ECL (1,441) - (1,441) - Amount recovered (42) (47) - (1) At end of the financial year 59,068 2,737 58,283 1,910 Less: Allowance for ECL/impairment (22,034) (2,264) (21,253) (1,441) Net impaired loans 37,034 473 37,030 469 Net impaired loans as a % of gross loans, advances and financing less allowance 1.85% 0.02% 1.87% 0.02%