198 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 9. LOANS, ADVANCES AND FINANCING (CONT’D.) (iv) Gross loans, advances and financing analysed by economic purpose are as follows: Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Purchase of securities 1,401,784 1,427,343 1,401,784 1,427,343 Working capital 138,982 169,221 170,161 169,429 Others 172,082 196,251 152,133 169,879 1,712,848 1,792,815 1,724,078 1,766,651 (v) Gross loans, advances and financing analysed by residual contractual maturity are as follows: Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Within one year 1,494,342 1,483,133 1,484,823 1,484,244 More than one year 218,506 309,682 239,255 282,407 1,712,848 1,792,815 1,724,078 1,766,651 9.1 Movements in impaired loans, advances and financing (“Impaired LAF”) Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 At beginning of the financial year 73,141 41,294 64,700 40,630 Impaired during the financial year 9,188 39,958 4,041 31,537 Reclassified as performing (30,505) - (30,505) - Amount recovered during the financial year (8,645) (8,111) (7,890) (7,467) At end of the financial year 43,179 73,141 30,346 64,700 Less: Allowance for ECL (19,303) (14,453) (17,033) (13,789) Net impaired LAF 23,876 58,688 13,313 50,911 Net impaired LAF as a % of net loans, advances and financing 1.41% 3.31% 0.78% 2.91%
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