Page 366 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

NOTES TO THE
FINANCIAL STATEMENTS
31 DECEMBER 2023 (18 JAMADIL AKHIR 1445H)

54. COMPARATIVE FIGURES (CONT’D.)
Comparative figures for financing of customer note have been restated to conform with current year’s presentation. (cont’d.)

Movements in the gross carrying amount of financing of customers
Stage 1 Stage 2 Stage 3 Total
Bank RM’000 RM’000 RM’000 RM’000

2022
As restated
At 1 January 2022 20,466,741 201,514 172,073 20,840,328
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 9,381,068 - - 9,381,068
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 23,524,680 517,179 205,957 24,247,816

As previously stated
At 1 January 2022 20,466,741 201,514 172,073 20,840,328
Total transfer within stages:
Transfer to Stage 1 571,588 (527,587) (44,001) -
Transfer to Stage 2 (1,000,436) 1,047,063 (46,627) -
Transfer to Stage 3 (98,766) (170,624) 269,390 -
New financial assets originated 6,258,729 - - 6,258,729
Financial assets derecognised (2,698,830) (33,530) (101,904) (2,834,264)
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 23,524,680 517,179 205,957 24,247,816

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