Page 224 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS

for the financial year ended 31 december 2020 (continUed)

8 FINANCING, ADVANCES AND OTHERS (CONTINUED)
(j) Movement of allowance for impairment on financing, advances and others
Group Stage 1 Stage 2 Stage 3 Total
RM’000 RM’000 RM’000 RM’000
at 1 January 2019 416,450 129,402 243,853 789,705 – –
transfer to Stage 1
(1,798)
1,931
(133)
inteGrated annUal rePort 2020 transfer to Stage 3 127,923 (27,807) (224,984) (224,984)
(6,868)
9,175
(2,307)
transfer to Stage 2
(8,696)
(461)
–
9,157
(59,446)
net allowance made during the year
149,340
135,166
45,272
2,567
new financial assets originated or purchased
132,901
2,411
(5,140)
(44,291)
(77,238)
financial assets that have been derecognised
–
Write-offs
–
exchange differences
at 31 december 2019/ (4,103) – – (4,103)
1 January 2020 431,135 148,115 172,197 751,447
218
transfer to Stage 1 1,245 (1,179) (66) –
transfer to Stage 2 (7,782) 10,508 (2,726) –
(7,659)
7,923
transfer to Stage 3 134,059 13,592 60,558 208,209 –
(264)
bimb holdinGS berhad 199701008362 (423858-X) financial assets that have been derecognised 653,983 151,446 (112,676) (112,676)
net allowance made during the year
6,403
686
146,384
139,295
new financial assets originated or purchased
(44,708)
(3,364)
(66,406)
(18,334)
–
–
Write-offs
1,003
1,003
–
–
exchange differences
927,961
At 31 December 2020
122,532
Effect of modifications on the measurement of allowance for impaired financing, advances and others
(k)
the following table discloses information on financing and advances that were modified but not derecognised during
the year, for which the allowance for impaired financing, advances and others were measured at a lifetime ecl at the
beginning of the year, and at the end of the year had changed to a 12-months ecl:
Group
2020 2019
RM’000 RM’000
amortised cost before the modification 431 10,405
Gross carrying amount at end of reporting period 439 10,268