194 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.) (b) Financial instruments at amortised cost (cont’d.): Debt instruments measured at amortised cost The table below shows the credit quality and the maximum exposure to credit risk based on the Group’s and the Bank’s internal credit rating system and year-end stage classification. The amounts presented are gross of impairment allowances. Details of the Group’s and of the Bank’s internal grading system are explained in Note 50(a). 2022 Group and Bank Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Investment grade 449,114 - - 449,114 2021 Group and Bank Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Investment grade 213,709 - - 213,709 An analysis of changes in the gross carrying amount and the corresponding ECLs is as follows: 2022 Group and Bank Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 213,709 - - 213,709 New assets purchased 485,257 - - 485,257 Assets derecognised or matured (excluding write-offs) (249,128) - - (249,128) Change in fair value (724) - - (724) As at 31 December 449,114 - - 449,114 2021 Group and Bank Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 193,140 - - 193,140 New assets purchased 81,070 - - 81,070 Assets derecognised or matured (excluding write-offs) (56,660) - - (56,660) Change in fair value (3,841) - - (3,841) As at 31 December 213,709 - - 213,709
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