KENANGA ANNUAL REPORT 2022

204 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 ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 3,203 - - 3,203 New assets originated or purchased 256 - - 256 Assets derecognised or repaid (excluding write-offs) (153) - - (153) Impact of remeasurement (12) - - (12) Changes in model assumption or methodology (2,725) 2,900 - 175 As at 31 December 569 2,900 - 3,469 2021 Bank ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 3,312 - - 3,312 New assets originated or purchased 155 - - 155 Assets derecognised or repaid (excluding write-offs) (474) - - (474) Impact of remeasurement 210 - - 210 As at 31 December 3,203 - - 3,203

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