Page 236 - Exim iar24_Ebook

EXIM BANK MALAYSIA
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NOTES TO THE FINANCIAL STATEMENTS

44. ISLAMIC BUSINESS (cont’d)
Notes to the financial statements for Islamic business fund and Takaful fund for the financial year ended 31 December 2024
(cont’d)

(j) Provision for commitments and contingencies (cont’d)
Movements in the provisions for commitments and contingencies are as follow:
Stage 2 Stage 3
Stage 1 Lifetime ECL Lifetime ECL
12-month not credit credit
ECL impaired impaired Total
RM’000 RM’000 RM’000 RM’000

At 1 January 2023 13,343 554 3,201 17,098
Transferred to Stage 1 3 (3) - -
Financial asset derecognised (5) (202) - (207)
Net remeasurement 1,792 (99) 75 1,768
Exchange differences - - 256 256
At 31 December 2023/1 January 2024 15,133 250 3,532 18,915
Financial asset derecognised (369) - - (369)
Net remeasurement 934 301 (3,671) (2,436)
Exchange differences - - 139 139
At 31 December 2024 15,698 551 - 16,249

(k) Other liabilities
Group and Bank
2024 2023
RM’000 RM’000
Sinking fund and debt services reserve accounts 116,056 91,003
Profit payable 7,008 29,526
Amount due to Teraju 16,616 54,004
Financing from banking business* 360,952 376,936
Others 29,889 23,305
530,521 574,774

* The financing from banking business is unsecured, does not bear profit and has no fixed terms of repayment.