KENANGA ANNUAL REPORT 2020

311 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (h) Financing and advances at AC (cont’d.) (vi) Impairment allowance for financing and advances are as follows: Group & Bank 2020 ECL allowances Stage 1 RM’000 Total RM’000 As at 1 January 645 645 New assets originated 322 322 Assets derecognised or repaid (excluding write-offs) (521) (521) Net remeasurement of allowance (227) (227) As at 31 December 219 219 2019 ECL allowances Stage 1 RM’000 Total RM’000 As at 1 January - - New assets originated 709 709 Assets derecognised or repaid (excluding write-offs) (83) (83) Net remeasurement of allowance 19 19 As at 31 December 645 645 (i) Other assets Group and Bank 2020 RM’000 2019 RM’000 Income receivables 3,893 4,651 Prepayment 15 1 Other receivables 88 100 Less: ECL (55) (60) 3,941 4,692