KENANGA ANNUAL REPORT 2020

178 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.) (b) Financial instruments at amortised cost (cont’d.): An analysis of changes in the gross carrying amount and the corresponding ECLs is as follows (cont’d.): Group and Bank ECL allowances 2019 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January - 860 - 860 Assets derecognised or matured (excluding write-offs) - (156) - (156) Impact of net re-measurement of ECL - (366) (366) As at 31 December - 338 - 338 8. DERIVATIVE FINANCIAL ASSETS Group and Bank 2020 RM’000 2019 RM’000 At fair value Dual currency investment - Options - 11 Index futures 135 - Equity related contracts - Options 53,343 58,659 Equity related contracts - Swap 2,014 3,602 Equity related contracts - Forward 40,079 2,902 95,571 65,174 Contract/Notional amount Dual currency investment - Options 3,655 4,509 Index futures 2,688 - Equity related contracts - Options 47,685 66,528 Equity related contracts - Swap 31,216 52,340 Equity related contracts - Forward 57,354 77,667 142,598 201,044 The contractual or underlying notional amounts of derivative financial assets held at fair value through profit or loss reflect the value of transactions outstanding as at reporting date, and do not represent amounts at risk.