Kenanga Investment Bank Berhad Annual Report 2021 202 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 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 Gross carrying amount 2021 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 572,878 87,909 - 660,787 New assets originated or purchased 169,225 4,359 - 173,584 Assets derecognised or repaid (excluding write-offs) (200,396) (38,460) - (238,856) Transfers of stages (9,165) 9,165 - - Modification of contractual cash flow of assets 40 100 - 140 As at 31 December 532,582 63,073 - 595,655 Bank Gross carrying amount 2020 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 695,027 42,794 - 737,821 New assets originated or purchased 239,427 4,151 - 243,578 Assets derecognised or repaid (excluding write-offs) (311,477) (8,947) - (320,424) Transfers of stages (50,029) 50,029 - - Modification of contractual cash flow of assets (70) (118) - (188) As at 31 December 572,878 87,909 - 660,787 Notes to the Financial Statements 31 December 2021
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