Kenanga Investment Bank Berhad Annual Report 2021 330 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (h) Financing and advances at AC (cont’d.) (vi) Impairment allowance for financing and advances are as follows: ECL allowances Group & Bank 2021 Stage 1 RM’000 Total RM’000 As at 1 January 219 219 New assets originated 47 47 Assets derecognised or repaid (excluding write-offs) (185) (185) Net remeasurement of allowance 10 10 Impact of net remeasurement 5 5 As at 31 December 96 96 ECL allowances 2020 Stage 1 RM’000 Total RM’000 As at 1 January 645 645 New assets originated 322 322 Assets derecognised or repaid (excluding write-offs) (521) (521) Net remeasurement of allowance (227) (227) As at 31 December 219 219 (i) Other assets Group and Bank 2021 RM’000 2020 RM’000 Income receivables 3,238 3,893 Prepayment 6 15 Other receivables 55 88 Less: ECL (53) (55) 3,246 3,941 Notes to the Financial Statements 31 December 2021
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