Kenanga Investment Bank Berhad Annual Report 2021 196 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 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 Gross carrying amount 2021 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 193,140 - - 193,140 New assets purchased 81,070 - - 81,070 Assets derecognised or matured (excluding write-offs) (56,660) - - (56,660) Change in fair value (3,841) - - (3,841) As at 31 December 213,709 - - 213,709 Group and Bank Gross carrying amount 2020 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 100,094 13,000 - 113,094 New assets purchased 617,625 - - 617,625 Assets derecognised or matured (excluding write-offs) (534,237) (13,000) - (547,237) Change in fair value 9,658 - - 9,658 As at 31 December 193,140 - - 193,140 Group and Bank ECL allowances 2021 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 105 - - 105 Assets derecognised or matured (excluding write-offs) (4) - - (4) Impact of net re-measurement of ECL (52) - - (52) As at 31 December 49 - - 49 Group and Bank ECL allowances 2020 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January - 338 - 338 New assets purchased 73 - - 73 Assets derecognised or matured (excluding write-offs) - (178) - (178) Impact of net re-measurement of ECL (17) (160) - (177) Changes in model assumption or methodology 49 - - 49 As at 31 December 105 - - 105 Notes to the Financial Statements 31 December 2021
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