KENANGA ANNUAL REPORT 2020

190 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.): (c) Other lending and factoring receivables and advances to group employees (cont’d.) Other lending and factoring receivables (cont’d.) Group An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to other financing is as follows: 2020 Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 96,601 - 716 97,317 New assets originated or purchased 121,663 - 811 122,474 Assets derecognised or repaid (excluding write-offs) (133,292) - (863) (134,155) As at 31 December 84,972 - 664 85,636 2019 Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 61,954 - 781 62,735 New assets originated or purchased 127,921 - - 127,921 Assets derecognised or repaid (excluding write-offs) (93,274) - (65) (93,339) As at 31 December 96,601 - 716 97,317 2020 ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January - - 716 716 New assets originated or purchased 53 - - 53 Assets derecognised or repaid (excluding write-offs) - - (52) (52) As at 31 December 53 - 664 717