Page 247 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

7. FINANCING OF CUSTOMERS (CONT’D.)
(viii) Movements in the gross carrying amount of financing of customers

Stage 1 Stage 2 Stage 3 Total
Group RM’000 RM’000 RM’000 RM’000

2023
At 1 January 2023 23,535,334 517,179 205,957 24,258,470
Total transfer within stages:
Transfer to Stage 1 187,666 (172,213) (15,453) -
Transfer to Stage 2 (648,971) 658,537 (9,566) -
Transfer to Stage 3 (170,976) (63,338) 234,314 -
New financial assets originated 11,383,186 - 3,924 11,387,110
Financial assets derecognised (6,800,474) (135,969) (50,920) (6,987,363)
Amount written-off - - (102,027) (102,027)

At 31 December 2023 27,485,765 804,196 266,229 28,556,190

Stage 1 Stage 2 Stage 3 Total
RM’000 RM’000 RM’000 RM’000

2022
Restated
At 1 January 2022 20,476,429 201,514 172,073 20,850,016
Total transfer within stages:
Transfer to Stage 1 80,475 (63,025) (17,450) -
Transfer to Stage 2 (440,927) 444,723 (3,796) -
Transfer to Stage 3 (130,026) (40,452) 170,478 -
New financial assets originated 9,382,034 - - 9,382,034
Financial assets derecognised (5,858,305) (25,924) (72,374) (5,956,603)
Effects of modifications to contractual
cash flows of financial assets 25,654 343 957 26,954
Amount written-off - - (43,931) (43,931)
At 31 December 2022 23,535,334 517,179 205,957 24,258,470

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