Page 407 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

4.0 CREDIT RISK (GENERAL DISCLOSURE) (CONT’D)
Credit Quality Financing of Customers (cont’d)

Impaired financing (cont’d)
Table 13: Impaired financing by economic purpose

The following tables present an analysis of the impaired financing by economic purpose.
Total
Individual Amounts Individual Collective Impairment
Assessment Written Assessment Assessment Allowances
31 December 2023 Impaired Allowance at Net Charge Off/Other Allowance at Allowance at for
Group Financing 1 January for the Year Movements 31 December 31 December Financing
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Purchase of securities 75 - - - - 137 137
Purchase of transport vehicles 1,969 127 26 150 3 6,637 6,640
Purchase of landed
properties of which:
– residential 98,630 11,338 (1,198) - 10,140 54,636 64,776
– non-residential 16,775 2,836 (84) 1,047 1,705 1,303 3,008
Purchase of fixed assets
(excluding landed properties) - - - - - 7,823 7,823
Personal use 88,204 1,460 135 - 1,595 104,596 106,191
Construction - - - - - 3,100 3,100
Working capital 56,044 31,039 (710) 24,060 6,267 19,885 26,152
Other purpose 4,531 3,948 (3,597) - 352 4,341 4,693

266,228 50,748 (5,428) 25,257 20,062 202,458 222,520

Total
Individual Amounts Individual Collective Impairment
Assessment Written Assessment Assessment Allowances
31 December 2022 Impaired Allowance at Net Charge Off/Other Allowance at Allowance at for
Group Financing 1 January for the Year Movements 31 December 31 December Financing
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Purchase of securities 49 - - - - 112 112
Purchase of transport vehicles 1,548 23 138 34 127 1,511 1,638
Purchase of landed properties
of which:
– residential 55,675 13,096 5,571 7,329 11,338 42,202 53,540
– non-residential 21,636 1,454 1,382 - 2,836 2,346 5,182
Purchase of fixed assets
(excluding landed properties) - - - - - 1,106 1,106
Personal use 81,303 402 1,058 - 1,460 118,415 119,875
Construction - - - - - 1,539 1,539
Working capital 40,434 18,771 20,900 8,634 31,039 26,513 57,552
Other purpose 5,312 - 7,286 3,336 3,949 13,988 17,937

205,957 33,746 36,335 19,333 50,749 207,732 258,481

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