Page 236 - EXIM-Bank_Annual-Report-2022

234 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.)
(o) Other liabilities

Group and Bank
2022 2021
rM’000 rM’000
Sinking fund and debt services reserve accounts 54,422 51,106
Interest payable 23,165 6,562
Amount due to Teraju 54,197 53,214
Financing from banking business* 398,159 523,645
Others 32,940 19,973
562,883 654,500

* The financing from banking business is unsecured, does not bear profit and has no fixed terms of repayment.

(p) Provision for commitments and contingencies

Group and Bank
2022 2021
rM’000 rM’000
Provision for commitments and contingencies 17,098 31,736

Movements in the provisions for commitments and contingencies are as follow:

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
At 1 January 2021 14,790 12,080 12,943 39,813
Transferred to Stage 2 (127) 127 - -
Transferred to Stage 3 - (436) 436 -
Financial asset derecognised (3,534) (247) - (3,781)
11,129 11,524 13,379 36,032
Changes due change in credit risk 9,801 (2,692) - 7,109
Modification to contractual cash flows of financial asset (17) (249) - (266)
(Writeback)/Allowance during the year (4,004) 749 (7,916) (11,171)
Exchange differences - - 32 32

At 31 December 2021/ 1 January 2022 16,909 9,332 5,495 31,736
Transferred to Stage 1 6,625 (6,625) - -
Financial asset derecognised (14,583) (2,379) - (16,962)
Changes due change in credit risk 3,793 22 - 3,815
Modification to contractual cash flows of financial asset - 150 - 150
Allowance/(Writeback) during the year 599 54 (2,603) (1,950)
Exchange differences - - 309 309
At 31 December 2022 13,343 554 3,201 17,098