KENANGA ANNUAL REPORT 2019

176 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 9. LOANS, ADVANCES AND FINANCING (CONT’D.) 9.1 Movements in impaired loans, advances and financing (“Impaired LAF”) Group Bank 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 At beginning of the financial year 59,068 2,737 58,283 1,910 Impaired during the financial year 32,032 57,814 32,032 57,814 Amount written off against allowance for ECL - (1,441) - (1,441) Amount recovered (42,220) (42) (42,155) - At end of the financial year 48,880 59,068 48,160 58,283 Less: Allowance for ECL (16,777) (22,034) (16,061) (21,253) Net impaired LAF 32,103 37,034 32,099 37,030 Net impaired LAF as a % of gross loans, advances and financing less allowance 1.55% 1.85% 1.57% 1.87% Group Bank 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 9.1.1 Impaired LAF by geographical distribution Outside Malaysia 12,759 47,205 12,759 47,205 Malaysia 36,121 11,863 35,401 11,078 Gross impaired LAF 48,880 59,068 48,160 58,283 9.1.2 Impaired LAF by purpose Working capital 720 785 - - Purchase of securities 48,160 58,283 48,160 58,283 48,880 59,068 48,160 58,283