Page 367 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

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 loss allowance for financing of customers
Lifetime ECL Lifetime
12 Month not credit ECL credit
ECL impaired impaired
Stage 1 Stage 2 Stage 3 Total ECL
Group and Bank RM’000 RM’000 RM’000 RM’000

2022
As restated
At 1 January 2022 116,768 34,046 76,134 226,948
Transfer to Stage 1 8,919 (3,063) (5,856) -
Transfer to Stage 2 (6,338) 7,549 (1,211) -
Transfer to Stage 3 (8,526) (15,712) 24,238 -
Changes in credit risk (20,132) 3,716 61,412 44,996
New financing originated 61,989 - - 61,989
Financing derecognised (23,784) (869) (20,848) (45,501)
Amount written-off - - (29,951) (29,951)
At 31 December 2022 128,896 25,667 103,918 258,481

As previously stated
At 1 January 2022 116,768 34,046 76,134 226,948
Transfer to Stage 1 21,595 (16,691) (4,904) -
Transfer to Stage 2 (13,744) 30,858 (17,114) -
Transfer to Stage 3 (299) (21,230) 21,529 -
Changes in credit risk (21,430) (641) 75,476 53,405
New financing originated 127,358 - - 127,358
Financing derecognised (101,357) (675) (3,285) (105,317)
Amount written-off - - (43,918) (43,918)
Exchange difference 5 - - 5
At 31 December 2022 128,896 25,667 103,918 258,481

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