Kenanga Investment Bank Berhad Annual Report 2021 206 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.): (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 Gross carrying amount 2020 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 1,271,945 - 48,161 1,320,106 New assets originated or purchased 1,084,996 1,226 2,686 1,088,908 Assets derecognised or repaid (excluding write-offs) (1,128,952) (13,078) (11,259) (1,153,289) Transfers of stages (50,120) 40,243 9,877 - Amount written off - - (9,005) (9,005) Impact of remeasurement (38,122) 256 170 (37,696) As at 31 December 1,139,747 28,647 40,630 1,209,024 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 - 2,356 7,253 9,609 New assets originated or purchased - - (5) (5) Transfer of stages - (2,356) 2,356 - Assets derecognised or repaid (excluding write-offs) - - (1,801) (1,801) Net remeasurement of allowance - - 5,986 5,986 As at 31 December - - 13,789 13,789 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 - - 16,061 16,061 New assets originated or purchased - - 1,530 1,530 Transfer of stages - 2,356 (2,356) - Assets derecognised or repaid (excluding write-offs) - - (4,668) (4,668) Net remeasurement of allowance - - 5,691 5,691 Amount written off - - (9,005) (9,005) As at 31 December - 2,356 7,253 9,609 Notes to the Financial Statements 31 December 2021
RkJQdWJsaXNoZXIy NDgzMzc=