Page 368 - 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 impaired financing note have been restated to conform with current year’s presentation.

Movements in the impaired financing
Group and Bank
RM’000

2022
As restated
At 1 January 2022 172,073
Classified as impaired during the year 170,478
Reclassified as performing during the year (21,246)
Recovered during the year (72,374)
Written-off during the year (43,931)
Effects of modifications to contractual cash flows of financial assets 957

Gross impaired financing 205,957
Less: Stage 3 - Lifetime ECL credit impaired (103,918)
Net impaired financing 102,039

As previously stated
At 1 January 2022 172,073
Classified as impaired during the year 277,388
Reclassified as performing during the year (78,832)
Recovered during the year (88,666)
Written-off during the year (43,931)
Derecognised (32,075)
Gross impaired financing 205,957
Less: Stage 3 - Lifetime ECL credit impaired (103,918)

Net impaired financing 102,039

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