196 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 8. DERIVATIVE FINANCIAL ASSETS (CONT’D.) Group and Bank 2022 RM’000 2021 RM’000 Contract/Notional amount Dual currency investment - Options 2,126 1,361 Equity related contracts - Options 28,438 29,492 Equity related contracts - Swap 64,187 24,123 Equity related contracts - Forward 57,354 57,354 152,105 112,330 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 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 At amortised cost Term loans/financing 500,905 539,077 525,953 565,616 Share margin financing 1,153,056 1,170,899 1,153,056 1,170,899 Other lending and factoring receivables 58,885 82,742 - - Advances to group employees 2 97 2 97 Subordinated term loan* - - 45,067 30,039 Gross loans, advances and financing 1,712,848 1,792,815 1,724,078 1,766,651 Less: Allowance for ECL - Stage 1 - 12-month ECL (170) (2,949) (635) (3,247) - Stage 2 - Lifetime ECL not credit impaired (2,900) - (2,900) - - Stage 3 - Lifetime ECL credit impaired (19,303) (14,453) (17,033) (13,789) Net loans, advances and financing 1,690,475 1,775,413 1,703,510 1,749,615 * 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 4.76% per annum (2021: 4.39%) and is repayable by November 2026.
RkJQdWJsaXNoZXIy NDgzMzc=