KENANGA ANNUAL REPORT 2020

184 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 9. LOANS, ADVANCES AND FINANCING (CONT’D.) 9.2 Impairment allowance for loans, advances and financing are as follows (cont’d.): (a) Term loans and subordinated term loan (cont’d.) An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to term loan is as follows (cont’d.): 2020 Bank Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 695,027 42,794 - 737,821 New assets originated or purchased 239,427 4,151 - 243,578 Assets derecognised or repaid (excluding write-offs) (311,477) (8,947) - (320,424) Transfers of stages (50,029) 50,029 - - Modification of contractual cash flow of assets (70) (118) - (188) As at 31 December 572,878 87,909 - 660,787 2019 Bank Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 581,173 6,417 - 587,590 New assets originated or purchased 414,674 1,743 - 416,417 Assets derecognised or repaid (excluding write-offs) (264,473) (1,713) - (266,186) Transfers of stages (36,347) 36,347 - - As at 31 December 695,027 42,794 - 737,821