carrying amount 395.6 0 0 395.6 Less: Loss allowances (7.3) 0 0 (7.3) Net carrying amount 388.3 0 0 388.3 2022 Gross carrying amount 666.4 0 0 666.4 Less: Loss allowances (7.3) 0 0 (7.3) Net carrying amount 659.1 0 0 659.1 Company 2023 Gross carrying amount 5.3 0 0 5.3 Less: Loss allowances (0.1) 0 0 (0.1) Net carrying amount 5.2 0 0 5.2 2022 Gross carrying amount 5.7 0 0 5.7 Less: Loss allowances (0.1) 0 0 (0.1) Net carrying amount 5.6 0 0 5.6 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 325 45 FINANCIAL INSTRUMENTS (CONTINUED) (b) Financial risk management (continued) Credit risk (continued) (iii) Non-trade receivables (continued) • Other non-trade receivables, amounts due from associates and joint ventures (continued) Impairmentlosses (continued) The impact on the carrying value of amounts due from joint ventures presented by the stages are as follows: Stage 1 RM’million Stage 2 RM’million Stage 3 RM’million Total RM’million Group 2023 Gross carrying amount 42.5 0 0 42.5 Less: Loss allowances (19.8) 0 0 (19.8) Net carrying amount 22.7 0 0 22.7 2022 Gross carrying amount 56.9 0 0 56.9 Less: Loss allowances (12.3) 0 0 (12.3) Net carrying amount 44.6 0 0 44.6 (iv) Financial guarantees Risk management objectives, policies and processes for managing the risk The Company provides financial guarantees to banks in respect of banking facilities granted to certain subsidiaries and an associate. The Company monitors the ability of the subsidiaries and the associate to service their loans on an individual basis annually. Exposure to credit risk, credit quality and collateral The maximum exposure to the Group and the Company amounts to RM312.1 million (2022: RM310.6 million) and RM11,534.8 million (2022: RM8,797.7 million) respectively, representing banking facilities utilised by the subsidiaries and an associate as at the end of the financial year. The financial guarantees are provided as credit enhancements to the subsidiaries’ and associate’s secured loans. The total financial