KENANGA ANNUAL REPORT 2019

172 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (b) Financial instruments at amortised cost (cont’d.): An analysis of changes in the gross carrying amount and the corresponding ECLs is as follows: Group and Bank 2019 Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 100,116 22,000 - 122,116 Assets derecognised or matured (excluding write-offs) - (9,000) - (9,000) Change in fair value (22) - - (22) As at 31 December 100,094 13,000 - 113,094 Group and Bank 2018 Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 10,001 28,000 - 38,001 New assets purchased 100,116 - - 100,116 Assets derecognised or matured (excluding write-offs) (10,001) (6,000) - (16,001) As at 31 December 100,116 22,000 - 122,116 Group and Bank 2019 ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January - 860 - 860 Assets derecognised or matured (excluding write-offs) - (156) - (156) Impact of net re-measurement of ECL - (366) - (366) As at 31 December - 338 - 338 Group and Bank 2018 ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 64 952 - 1,016 Impact of net re-measurement of ECL (64) (92) - (156) As at 31 December - 860 - 860