KENANGA ANNUAL REPORT 2019

182 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.): (b) Share margin financing (cont’d.) An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to share margin financing is as follows (cont’d.): 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 1,557,649 - - 1,557,649 New assets originated or purchased 945,207 - - 945,207 Assets derecognised or repaid (excluding write-offs) (1,097,143) - - (1,097,143) Transfers of stages (88,701) 30,417 58,284 - Effect of movement of cash collateral 13,904 - - 13,904 As at 31 December 1,330,916 30,417 58,284 1,419,617 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 - 8,847 21,253 30,100 New assets originated or purchased - - 14,839 14,839 Transfer of stages - (8,847) 8,847 - Assets derecognised or repaid (excluding write-offs) - - (28,878) (28,878) As at 31 December - - 16,061 16,061 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 - - 1,441 1,441 New assets originated or purchased - 8,847 21,253 30,100 Amount written off - - (1,441) (1,441) As at 31 December - 8,847 21,253 30,100