192 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 Additional Information We Are Kenanga Message From Our Leaders Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (a) Financial instruments at FVOCI (cont’d.): Impairment losses on financial instruments subject to impairment assessment (cont’d.) Debt instruments at FVOCI (cont’d.) 2022 Group and Bank Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Investment grade 312,901 4,978 - 317,879 2021 Group and Bank Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Investment grade 736,114 - - 736,114 An analysis of changes in the fair value and the corresponding ECLs is, as follows: 2022 Group and Bank Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 736,114 - - 736,114 New assets originated or purchased 816,955 - - 816,955 Assets derecognised or matured (excluding write-offs) (1,206,250) - - (1,206,250) Change in fair value (29,135) 195 - (28,940) Transfer of stages (4,783) 4,783 - - As at 31 December 312,901 4,978 - 317,879 2021 Group and Bank Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 769,742 - - 769,742 New assets originated or purchased 1,593,269 - - 1,593,269 Assets derecognised or matured (excluding write-offs) (1,611,235) - - (1,611,235) Change in fair value (15,662) - - (15,662) As at 31 December 736,114 - - 736,114
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