KENANGA ANNUAL REPORT 2020

174 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (a) Financial instruments at FVOCI (cont’d.): Impairment losses on financial instruments subject to impairment assessment (cont’d.) Debt instruments at FVOCI (cont’d.) 2020 Group and Bank Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total ‘RM’000 Investment grade 769,742 - - 769,742 2019 Group and Bank Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 Investment grade 793,993 - - 793,993 An analysis of changes in the fair value and the corresponding ECLs is, as follows: 2020 Group and Bank Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 793,993 - - 793,993 New assets originated or purchased 2,122,915 - - 2,122,915 Assets derecognised or matured (excluding write-offs) (2,177,782) - - (2,177,782) Change in fair value 30,616 - - 30,616 As at 31 December 769,742 - - 769,742 2019 Group and Bank Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 1,659,922 - - 1,659,922 New assets originated or purchased 4,318,783 - - 4,318,783 Assets derecognised or matured (excluding write-offs) (5,182,368) - - (5,182,368) Change in fair value (2,344) - - (2,344) As at 31 December 793,993 - - 793,993