KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 164 KENANGA INVESTMENT BANK BERHAD 5. TRANSITION DISCLOSURES (CONT’D.) The following table reconciles the aggregate opening loan loss provision allowances under MFRS 139 and provisions for loan commitments under MFRS 137 to the ECL allowances under MFRS 9. Further details are disclosed in Notes 8 and 10. Impairment allowance under MFRS 139/ MFRS 137 as at 31 December 2017 RM’000 Re-measurement RM’000 ECLs under MFRS 9 as at 1 January 2018 RM’000 Group Impairment allowance for: Financial investments available-for-sale per MFRS 139/ financial investments FVOCI under MFRS 9 - 17 17 Financial investments held-to-maturity per MFRS 139/ financial instruments at amortised cost under MFRS 9 - 1,016 1,016 Loans, advances and financing 2,933 654 3,587 2,933 1,687 4,620 Undrawn loans commitment - 13 13 2,933 1,700 4,633 Bank Impairment allowance for: Financial investments available-for-sale per MFRS 139/ financial investments FVOCI under MFRS 9 - 17 17 Financial investments held-to-maturity per MFRS 139/ financial instruments at amortised cost under MFRS 9 - 1,016 1,016 Loans, advances and financing 2,308 853 3,161 2,308 1,886 4,194 Undrawn loans commitment - 154 154 2,308 2,040 4,348 (a) Opening balance adjustment in associate’s books There was audit adjustments made on associate’s retained profits that consist of adjustment on the opening cost of investment in equities that caused the prior year revaluation gain on investment understated by SAR2,362,870 (shared 29.6% by the Group of RM771,000).