Page 166 - Exim iar24_Ebook

EXIM BANK MALAYSIA
164

NOTES TO THE FINANCIAL STATEMENTS

21. OTHER PAYABLES AND ACCRUALS

Group Bank
2024 2023 2024 2023
RM’000 RM’000 RM’000 RM’000
Restated
Sinking fund and debt services reserve accounts 122,259 98,833 122,259 98,833
RCCPS dividend payables 108,378 91,971 108,378 91,971
Interest payable 22,965 46,466 22,965 46,466
*
Amount due to Teraju 16,616 54,004 16,616 54,004
Others 70,165 73,259 70,196 73,285
340,383 364,533 340,414 364,559

* This fund represents advances received from The Bumiputera Agenda Steering Unit (“Teraju”) under the Ministry of Economy
as collateral for loan to be disbursed to Bumiputera Exporters. Withdrawal of the fund is upon the borrower turning impaired
up to a maximum of RM5,000,000 per borrower.

22. PROVISION FOR COMMITMENTS AND CONTINGENCIES

Group and Bank
2024 2023
RM’000 RM’000

Provision for commitments and contingencies 17,843 44,412

Movements in the provisions for commitments and contingencies are as follows:
Stage 2 Stage 3
Stage 1 Lifetime ECL Lifetime
12-month not credit ECL credit
ECL impaired impaired Total ECL
RM’000 RM’000 RM’000 RM’000
At 1 January 2023 14,272 1,758 29,944 45,974
Total amount (writeback)/charged to profit
or loss during the year (Note 34)
- Transferred to Stage 1 1,201 (1,201) - -
- Financial assets derecognised (5) (202) - (207)
- Net remeasurement 2,013 (104) (4,760) (2,851)
3,209 (1,507) (4,760) (3,058)
Exchange differences - - 1,496 1,496
At 31 December 2023/1 January 2024 17,481 251 26,680 44,412
Transfer ECL to other assets - - (20,791) (20,791)
Total amount (writeback)/charged to profit
or loss during the year (Note 34)
- Financial assets derecognised (538) - - (538)
- Net remeasurement 348 301 (5,553) (4,904)
(190) 301 (5,553) (5,442)
Exchange differences - - (336) (336)
At 31 December 2024 17,291 552 - 17,843