KENANGA ANNUAL REPORT 2019

184 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.): (c) Other lending and factoring receivables and advances to group employees (cont’d.) Other lending and factoring receivables (cont’d.) An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to other financing is as follows (cont’d.): Group 2018 Gross carrying amount Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 51,161 - 823 51,984 New assets originated or purchased 116,194 - - 116,194 Assets derecognised or repaid (excluding write-offs) (105,401) (42) (105,443) As at 31 December 61,954 - 781 62,735 Group 2019 ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 2019 23 - 781 804 Assets derecognised or repaid (excluding write-offs) (23) - (65) (88) As at 31 December 2019 - - 716 716 Group 2018 ECL allowances Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 2019 21 - 823 844 New assets originated or purchased 2 - - 2 Assets derecognised or repaid (excluding write-offs) - - (42) (42) As at 31 December 2019 23 - 781 804 Advances to group employees Group and Bank 2019 RM’000 2018 RM’000 Gross carrying amount 17 60