KENANGA ANNUAL REPORT 2020

310 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (h) Financing and advances at AC Group and Bank 2020 RM’000 2019 RM’000 Commodity Murabahah term financing - Shariah contract - others 29,501 96,457 Commodity Murabahah revolving credit - Shariah contract - others 70,353 66,319 Commodity Murabahah share margin financing - Shariah contract - others 14,293 7,024 Gross financing and advances 114,147 169,800 Less: Allowance for ECL (219) (645) Net financing and advances 113,928 169,155 Group and Bank 2020 RM’000 2019 RM’000 (i) Gross financing and advances analysed by type of customer are as follows: Domestic business enterprises 55,648 142,719 Individuals 58,499 27,081 114,147 169,800 (ii) Gross financing and advances analysed by geographical distribution are as follows: In Malaysia 114,147 169,800 (iii) Gross financing and advances analysed by profit rate sensitivity are as follows: Fixed rate 14,293 7,024 Variable rate- Cost plus 99,854 162,776 114,147 169,800 (iv) Gross financing and advances analysed by economic purpose are as follows: Purchase of securities 40,096 40,829 Working capital 70,351 45,707 Others 3,700 83,264 114,147 169,800 (v) Gross financing and advances analysed by residual contractual maturity are as follows: Within one year 110,445 73,343 More than one year 3,702 96,457 114,147 169,800