KENANGA ANNUAL REPORT 2022

202 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.) 9.2 Impairment allowance for loans, advances and financing are as follows (cont’d.): (a) Term loans/financing and subordinated term loan (cont’d.) An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to term loans/financing and subordinated term loan is as follows (cont’d.): 2022 Bank Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 532,582 63,073 - 595,655 New assets originated or purchased 165,979 4,625 - 170,604 Assets derecognised or repaid (excluding write-offs) (190,952) (4,318) - (195,270) Modification of contractual cash flow of assets 25 6 - 31 As at 31 December 507,634 63,386 - 571,020 2021 Bank Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 572,878 87,909 - 660,787 New assets originated or purchased 169,225 4,359 - 173,584 Assets derecognised or repaid (excluding write-offs) (200,396) (38,460) - (238,856) Transfers of stages (9,165) 9,165 - - Modification of contractual cash flow of assets 40 100 - 140 As at 31 December 532,582 63,073 - 595,655

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