Page 192 - KWAP_AR2022

190 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER REtURNS

notes to the
financial statements
for the year ended 31 december 2022

13. LOANS AND RECEIVABLES (CONTINUED)
loans and receivables to corporate institutions are subject to interest rates ranging from 3.60% to 4.68%
(2021: 1.83% to 4.61%) per annum as well as the annual review.
as at 31 december 2022, loans to related parties relates to two (2) new loans being the loans to high bay logistics
1 (lux) s.à r.l. and high bay logistics 2 (lux) s.à r.l., subsidiaries of prima harta 3 (lux) s.à r.l. with the principal
amount of rm141.1 million or eur30.1 million and rm112.7 million or eur24.1 million respectively (2021: nil), at an
interest rate of euribor + 1.10% for both loans.

as at 31 december 2021, loans to related parties relates to the loan to KWap mit 2, with the principal amount of
rm312.0 million or aud103.0 million, at an interest rate of 5-year aud swap rate plus 2.50% credit spread per annum,
which was fully repaid in 2022.
(a) Movements in the allowance for Loans and Receivables

there was a reversal of allowance for impairment losses on one (1) commercial loan amounting to rm13.8 million
during the year (2021: rm13.8 million loss) due to the improvement in the credit assessment of the said loan.

all loans and receivables were categorised as stage 1 in the ecl assessment.
(b) Impact of movements in the gross carrying amount on allowance for impairment losses

there was no net remeasurement of allowance for impairment losses during the year (2021: rm13.8 million).

(c) Information about the nature and effect of modification on the measurement of allowance for impairment
losses

there were no modifications of loans that impacted the measurement of allowance for impairment losses during
the year (2021: nil).

(d) Write-offs still under enforcement activity
there was no outstanding contractual amount written off during the year (2021: nil).

14. DEBT INSTRUMENT AT AMORTISED COST

Group KWAP
31 December 31 December 31 December 31 December
2022 2021 2022 2021
RM’000 RM’000 RM’000 RM’000

Non-Current
fixed income instruments 16,372,543 15,792,014 16,372,543 15,792,014

16,372,543 15,792,014 16,372,543 15,792,014