KENANGA ANNUAL REPORT 2020

188 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.): (b) Share margin financing An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to share margin financing is as follows (cont’d.): 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 1,330,916 30,417 58,284 1,419,617 New assets originated or purchased 785,662 228 289 786,179 Assets derecognised or repaid (excluding write-offs) (818,875) (6,956) (41,985) (867,816) Transfers of stages (8,008) (23,735) 31,743 - Impact of net measurement (17,750) 46 (170) (17,874) As at 31 December 1,271,945 - 48,161 1,320,106 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 - - 16,061 16,061 New assets originated or purchased - - 1,530 1,530 Transfers of stages - 2,356 (2,356) - Assets derecognised or repaid (excluding write-offs) - - (4,668) (4,668) Net remeasurement of allowance - - 5,691 5,691 Amount written off - - (9,005) (9,005) As at 31 December - 2,356 7,253 9,609 2019 Group and Bank ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January - 8,847 21,253 30,100 New assets originated or purchased - - 243 243 Transfers of stages - (8,847) 8,847 - Assets derecognised or repaid (excluding write-offs) - - (37,652) (37,652) Net remeasurement of allowance - - 23,370 23,370 As at 31 December - - 16,061 16,061