KENANGA ANNUAL REPORT 2020

177 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (b) Financial instruments at amortised cost (cont’d.): An analysis of changes in the gross carrying amount and the corresponding ECLs is as follows: 2020 Group and Bank Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 100,094 13,000 - 113,094 New assets originated or purchased 617,625 - - 617,625 Assets derecognised or matured (excluding write-offs) (534,237) (13,000) - (547,237) Change in fair value 9,658 - - 9,658 As at 31 December 193,140 - - 193,140 2019 Group and Bank Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 100,116 22,000 - 122,116 Assets derecognised or matured (excluding write-offs) - (9,000) - (9,000) Change in fair value (22) - - (22) As at 31 December 100,094 13,000 - 113,094 2020 Group and Bank ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January - 338 - 338 New assets originated or purchased 73 - - 73 Assets derecognised or matured (excluding write-offs) - (178) - (178) Impact of net re-measurement of ECL (17) (160) (177) Changes in model assumption or methodology 49 - - 49 As at 31 December 105 - - 105