KENANGA ANNUAL REPORT 2019

179 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 9. LOANS, ADVANCES AND FINANCING (CONT’D.) 9.2 Impairment allowance for loans, advances and financing are as follows (cont’d.): (a) Term loans and subordinated term loan (cont’d.) An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to term loan is as follows (cont’d.): Bank 2019 Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 581,173 6,417 - 587,590 New assets originated or purchased 414,674 1,743 - 416,417 Assets derecognised or repaid (excluding write-offs) (264,473) (1,713) - (266,186) Transfers of stages (36,347) 36,347 - - As at 31 December 695,027 42,794 - 737,821 Bank 2018 Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 624,739 - - 624,739 New assets originated or purchased 233,160 - - 233,160 Assets derecognised or repaid (excluding write-offs) (270,309) - - (270,309) Transfers of stages (6,417) 6,417 - - As at 31 December 581,173 6,417 - 587,590 Group 2019 ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 815 - - 815 New assets originated or purchased 1,018 - - 1,018 Assets derecognised or repaid (excluding write-offs) (650) - - (650) As at 31 December 1,183 - - 1,183