KENANGA ANNUAL REPORT 2020

181 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 9. LOANS, ADVANCES AND FINANCING (CONT’D.) 9.1 Movements in impaired loans, advances and financing (“Impaired LAF”) Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 At beginning of the financial year 48,880 59,068 48,160 58,283 Impaired during the financial year 13,374 32,032 12,563 32,032 Amount written off against allowance for ECL (9,005) - (9,005) - Amount recovered during the financial year (11,955) (42,220) (11,088) (42,155) At end of the financial year 41,294 48,880 40,630 48,160 Less: Allowance for ECL (7,917) (16,777) (7,253) (16,061) Net impaired LAF 33,917 32,103 33,377 32,099 Net impaired LAF as a % of gross loans, advances and financing less allowance 1.79% 1.55% 1.80% 1.57% Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 9.1.1 Impaired LAF by geographical distribution Outside Malaysia 3,306 12,759 3,306 12,759 Malaysia 37,988 36,121 37,324 35,401 Gross impaired LAF 41,294 48,880 40,630 48,160 9.1.2 Impaired LAF by purpose Working capital 664 720 - - Purchase of securities 40,630 48,160 40,630 48,160 41,294 48,880 40,630 48,160