KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 177 ANNUAL REPORT 2018 10. LOANS, ADVANCES AND FINANCING (CONT’D.) 10.2 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 (cont’d.) Stage 1 Stage 2 Stage 3 Total ECL allowances RM’000 RM’000 RM’000 RM’000 As at 1 January 2018 21 - 823 844 Net addition 2 - - 2 Assets derecognised or repaid (excluding write-offs) - - (42) (42) As at 31 December 2018 23 - 781 804 Advances to group employees 2018 Group and Bank RM’000 Gross carrying amount 60 An analysis of the allowance for impairment losses under MFRS 139 for loan, advances and financing, for the year to 31 December 2017 is as follows: Group Bank 2017 2017 RM’000 RM’000 Individual allowance At beginning of the financial year 2,135 1,266 Allowance made (Note 34(i)) 176 176 Allowance written back (Note 34(i)) (47) (1) At end of the financial year 2,264 1,441 Collective allowance At beginning of the financial year 432 871 Allowance made (Note 34(i)) 509 268 Allowance written back (Note 34(i)) (272) (272) At end of the financial year 669 867 Collective allowance as % of gross loans, advances and financing less individual allowance 0.03% 0.04%