8. FINANCING, ADVANCES AND OTHERS (CONTINUED) (g) By stages Group and Bank Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 At 1 January 2022 56,543,861 2,105,491 568,383 59,217,735 Transfer to Stage 1 277,301 (255,450) (21,851) – Transfer to Stage 2 (1,479,726) 1,493,362 (13,636) – Transfer to Stage 3 (169,257) (152,802) 322,059 – Financial assets that have been derecognised (7,066,711) (260,725) (29,224) (7,356,660) New financial assets originated or purchased 16,640,000 451,603 81,077 17,172,680 Modification of contractual cash flows (2,677,231) (355,323) 180,045 (2,852,509) Write-offs – – (251,621) (251,621) Exchange differences 12,232 – – 12,232 At 31 December 2022/1 January 2023 62,080,469 3,026,156 835,232 65,941,857 Transfer to Stage 1 641,401 (599,756) (41,645) – Transfer to Stage 2 (1,572,642) 1,623,696 (51,054) – Transfer to Stage 3 (140,958) (147,491) 288,449 – Financial assets that have been derecognised (9,790,554) (596,302) 99,444 (10,287,412) New financial assets originated or purchased 14,722,959 706,312 33,971 15,463,242 Modification of contractual cash flows (2,725,564) (245,581) (21,731) (2,992,876) Write-offs – – (506,700) (506,700) Exchange differences 6,678 – – 6,678 At 31 December 2023 63,221,789 3,767,034 635,966 67,624,789 (h) Movement in impaired financing and advances (“impaired financing”) Group and Bank 2023 RM’000 2022 RM’000 At 1 January 835,232 568,383 Classified as impaired during the year 909,473 916,357 Reclassified as not impaired during the year (475,758) (290,419) Amount repaid (126,281) (107,468) Amount written-off (506,700) (251,621) At 31 December 635,966 835,232 Gross impaired financing as a percentage of gross financing, advances and others 0.94% 1.27% The contractual amount outstanding on financing and advances that were written-off during the year are still subject to enforcement activity. 307 1 2 3 4 5 6 7 8 9 www.bankislam.com FINANCIAL STATEMENTS
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