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160 eXIM BANK MALAYsIA ANNUAL REPORT 2022
Notes to the fiNaNcial statemeNts
21. other PAYABLes AND ACCruALs
Group Bank
2022 2021 2022 2021
rM’000 rM’000 rM’000 rM’000
Sinking fund and debt services reserve accounts 63,884 64,253 63,884 64,253
Interest payable 62,049 39,586 62,049 39,586
Amount due to Teraju* 54,197 53,214 54,197 53,214
RCCPS dividend payables 75,606 59,241 75,606 59,241
Others 55,292 46,589 55,315 46,6064
311,028 262,883 311,051 262,900
* This fund represents advances received from Teraju as collateral for loan to Bumiputera Exporters. Withdrawal of the fund is
upon the borrower turning impaired up to a maximum of RM5,000,000 per borrower.
22. ProvIsIoN For CoMMItMeNts AND CoNtINGeNCIes
Group and Bank
2022 2021
rM’000 rM’000
Provision for commitments and contingencies 45,974 64,876
Movements in the provisions for commitments and contingencies are as follows:
stage 2 stage 3
stage 1 Lifetime eCL Lifetime
12-months not credit eCL credit
eCL impaired impaired total eCL
rM’000 rM’000 rM’000 rM’000
At 1 January 2021 23,932 23,815 35,858 83,605
Transferred to Stage 2 (Note 35) (141) 141 - -
Transferred to Stage 3 (Note 35) - (436) 436 -
Financial assets derecognised (12,677) (1,080) - (13,757)
Changes due to changes in credit risk (Note 35) 9,801 (4,545) - 5,256
Modification to contractual cash flows of financial
assets (Note 35) (4) (205) - (209)
(Writeback)/Allowance during the year (Note 35) (3,484) 1,548 (9,108) (11,044)
Exchange differences - - 1,025 1,025
At 31 December 2021/1 January 2022 17,427 19,238 28,211 64,876
Transferred to Stage 1 (Note 35) 11,533 (11,533) - -
Transferred to Stage 2 (Note 35) (14) 14 - -
Transferred to Stage 3 (Note 35) - (51) 51 -
Financial assets derecognised (15,103) (3,200) - (18,303)
Changes due to changes in credit risk (Note 35) 3,793 (3,132) - 661
Modification to contractual cash flows of financial
assets (Note 35) - 150 - 150
(Writeback)/Allowance during the year (Note 35) (3,364) 272 158 (2,934)
Exchange differences - - 1,524 1,524
At 31 December 2022 14,272 1,758 29,944 45,974
