197 How We Are Governed Financial Statements Shareholders’ Information Additional Information 8. DERIVATIVE FINANCIAL ASSETS Group and Bank 2021 RM’000 2020 RM’000 At fair value Dual currency investment - Options 3 - Index futures - 135 Equity related contracts - Options 29,515 53,343 Equity related contracts - Swap 408 2,014 Equity related contracts - Forward 51,527 40,079 81,453 95,571 Contract/Notional amount Dual currency investment - Options 1,361 3,655 Index futures - 2,688 Equity related contracts - Options 29,492 47,685 Equity related contracts - Swap 24,123 31,216 Equity related contracts - Forward 57,354 57,354 112,330 142,598 The contractual or underlying notional amounts of derivative financial assets held at fair value through profit or loss reflect the value of transactions outstanding as at reporting date, and do not represent amounts at risk. 9. LOANS, ADVANCES AND FINANCING Group Bank 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 At amortised cost Term loans 539,077 587,793 565,616 640,369 Share margin financing 1,170,899 1,209,024 1,170,899 1,209,024 Other lending and factoring receivables 82,742 85,636 - - Advances to group employees 97 181 97 181 Subordinated term loan* - - 30,039 20,418 Gross loans, advances and financing 1,792,815 1,882,634 1,766,651 1,869,992 Less: Allowance for ECL - Stage 1 - 12-month ECL (2,949) (3,112) (3,247) (3,387) - Stage 2 - Lifetime ECL not credit impaired - (2,356) - (2,356) - Stage 3 - Lifetime ECL credit impaired (14,453) (7,917) (13,789) (7,253) Net loans, advances and financing 1,775,413 1,869,249 1,749,615 1,856,996 * Subordinated term loan to a subsidiary The subordinated loan granted to a subsidiary company, Kenanga Futures Sdn Bhd, is unsecured with effective interest rate of 4.39% per annum (2020: 5.55%) and is repayable by November 2026.
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