KENANGA ANNUAL REPORT 2020

186 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 ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 2,111 - - 2,111 New assets originated or purchased 838 - - 838 Assets derecognised or repaid (excluding write-offs) (702) - - (702) Impact of net measurement (1,775) - - (1,775) Changes in model assumption or methodology 2,840 - - 2,840 As at 31 December 3,312 - - 3,312 2019 Bank ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 1,201 - - 1,201 New assets originated or purchased 1,473 - - 1,473 Assets derecognised or repaid (excluding write-offs) (514) - - (514) Impact of net measurement (49) - - (49) As at 31 December 2,111 - - 2,111