BIMB Integrated Annual Report 2017

45. FINANCIAL RISK MANAGEMENT POLICIES (CONTINUED) 45.3 Credit risk (continued) (i) Credit quality of gross financing and advances (continued) Impaired financing GROUP 2017 2016 RM’000 RM’000 Individually assessed 217,209 203,374 of which: Month-in-arrears 0 20,060 15,614 Month-in-arrears 1 69,204 240 Month-in-arrears 2 3,317 7,623 Month-in-arrears 3 and above 124,628 179,897 Collectively assessed 181,068 186,071 398,277 389,445 Impaired financing of which rescheduled and restructured financing GROUP 2017 2016 RM’000 RM’000 Consumer 21,264 25,950 Business 8,117 73,093 29,381 99,043 Rescheduled and restructured financings are financings that have been rescheduled or restructured due to deterioration in the customers’ financial positions and the Bank has made concessions that it would not otherwise consider. Once the financing is rescheduled or restructured, its satisfactory performance is monitored for a period of six months before it can be reclassified to performing. (ii) Credit quality of takaful receivables The table below summarises the credit quality of the Group’s Takaful receivable: GROUP 2017 2016 RM’000 RM’000 Neither past due nor impaired 159,122 135,768 Past due but not impaired 12,995 33,940 Impaired 7,288 9,375 179,405 179,083 Allowance for impairment (7,288) (9,375) 172,117 169,708 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 258 BIMB HOLDINGS BERHAD Integrated Annual Report 2017