34. FINANCIAL INSTRUMENTS (CONTINUED) 34.4 Credit risk (continued) Inter-company balances (continued) Recognition and measurement of impairment losses (continued) The following table provides information about the exposure to credit risk and ECLs for subsidiaries’ loans and advances. Company Gross carrying amount RM’000 Loss allowances RM’000 Net balances RM’000 31.12.2023 Low credit risk 569,156 – 569,156 Significant increase in credit risk 57,090 (22,610) 34,480 Credit impaired 6,172 (6,172) – 632,418 (28,782) 603,636 30.6.2022 Low credit risk 528,248 (1) 528,247 Significant increase in credit risk 30,821 (15,178) 15,643 Credit impaired 13,177 (13,177) – 572,246 (28,356) 543,890 The movement in the allowance for impairment in respect of subsidiaries’ loans and advances during the period/ year are as follows: Company Lifetime ECL RM’000 Credit impaired RM’000 Total RM’000 Balance at 1 July 2021 15,179 12,313 27,492 Net remeasurement of loss allowance – 864 864 Balance at 30 June 2022/1 July 2022 15,179 13,177 28,356 Net remeasurement of loss allowance 7,431 (7,005) 426 Balance at 31 December 2023 22,610 6,172 28,782 Integrated Report 2023 287
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