KENANGA ANNUAL REPORT 2020

175 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 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.) An analysis of changes in the fair value and the corresponding ECLs is, as follows: (cont’d.) ECL allowances 2020 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 36 - - 36 New assets originated or purchased 77 - - 77 Assets derecognised or matured (excluding write-offs) (49) - - (49) Impact of re-measurement of ECL 9 - - 9 Changes in model assumption and methodology 313 - - 313 As at 31 December 386 - - 386 ECL allowances 2019 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 225 - - 225 New assets originated or purchased 18 - - 18 Assets derecognised or matured (excluding write-offs) (181) - - (181) Impact of re-measurement of ECL 9 - - 9 Changes in model assumption and methodology (26) - - (26) As at 31 December 36 - - 36