Page 228 - EXIM-Bank_Annual-Report-2022

226 eXIM BANK MALAYsIA ANNUAL REPORT 2022

Notes to the fiNaNcial statemeNts

46. ISLaMIC BUSINESS FUNDS (cont’d.)
Notes to the financial statements for Islamic business fund and Takaful fund for the financial year ended 31 December
2022 (cont’d.)
(f) Islamic financing (cont’d.)
(viii) Movements in the allowance for ECL for impaired advances and financing are as follows:

stage 2 stage 3
stage 1 Lifetime eCL Lifetime eCL
12-month not credit credit
eCL impaired impaired total eCL
rM’000 rM’000 rM’000 rM’000
2022
At 1 January 27,064 80,941 527,025 635,030
Transferred to Stage 1 44,823 (44,823) - -
Transferred to Stage 3 - (17,103) 17,103 -
Allowance/Writeback (3,810) (104) (391) (4,305)
Financial assets derecognised (14,626) (9,397) - (24,023)
Changes due to change in credit risk (11,943) 2,304 - (9,639)
Modification to contractual cash flows of
financial assets - 3,527 - 3,527
Total net profit and loss charge during the period 14,444 (65,596) 16,712 (34,440)
Write offs - - (226,033) (226,033)
Exchange differences - - 19,685 19,685
At 31 December 41,508 15,345 337,389 394,242

2021
At 1 January 30,304 54,662 657,977 742,943
Transferred from Stage 1 (3,857) 3,857 - -
Transferred to Stage 2 - (9,487) 9,487 -
Allowance/(Written back) 1,192 4,594 (17,857) (12,071)
Financial assets derecognised (3,599) (3,939) - (7,538)
Changes due to change in credit risk 3,493 15,787 - 19,280
Modification to contractual cash flows of
financial assets (469) 15,467 - 14,998
Total net profit and loss charge during the period (3,240) 26,279 (8,370) 14,669
Write offs - - (142,078) (142,078)
Exchange differences - - 19,496 19,496
At 31 December 27,064 80,941 527,025 635,030