KENANGA ANNUAL REPORT 2019

170 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (a) Financial instruments at FVOCI (cont’d.): Impairment losses on financial instruments subject to impairment assessment (cont’d.) Debt instruments at FVOCI (cont’d.) An analysis of changes in the fair value and the corresponding ECLs is as follows: Group and Bank 2019 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 1,659,922 - - 1,659,922 New assets originated or purchased 4,318,783 - - 4,318,783 Assets derecognised or matured (excluding write-offs) (5,182,368) - - (5,182,368) Change in fair value (2,344) - - (2,344) As at 31 December 793,993 - - 793,993 Group and Bank 2018 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 1,009,677 - - 1,009,677 New assets originated or purchased 867,028 - - 867,028 Assets derecognised or matured (excluding write-offs) (221,366) - - (221,366) Change in fair value 4,583 - - 4,583 As at 31 December 1,659,922 - - 1,659,922 Group and Bank 2019 ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total ECL RM’000 As at 1 January 225 - - 225 New assets originated or purchased 18 - - 18 Assets derecognised or matured (excluding write-offs) (181) - - (181) Impact of re-measurement of ECL (26) - - (26) As at 31 December 36 - - 36 Group and Bank 2018 ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total ECL RM’000 As at 1 January 17 - - 17 New assets originated or purchased 208 - - 208 As at 31 December 225 - - 225