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226 BANK MUAMALAT MALAYSIA BERHAD About Us Our Leadership Our Strategy
ANNUAL REPORT FY2020

Notes to the fiNaNcial statemeNts
31 December 2020 (16 JamaDil awal 1442h)

7. FINANCING OF CuSTOMErS (CONT’D.)
(viii) Movements in the gross carrying amount of financing of customers (cont’d.)

Stage 1 Stage 2 Stage 3 Total
Bank rM’000 rM’000 rM’000 rM’000

At 31 December 2020
At 1 January 2020 15,432,735 319,596 209,165 15,961,496
Total transfer within stages:
Transfer to Stage 1 458,477 (436,466) (22,011) -
Transfer to Stage 2 (484,015) 534,407 (50,392) -
Transfer to Stage 3 (32,234) (110,213) 142,447 -
New financial assets originated 3,916,987 2,720 - 3,919,707
Financial asstes derecognised (1,517,438) (31,064) (20,308) (1,568,810)
Effects of modifications to contractual
cash flows of financial assets (36,786) (839) 353 (37,272)
Amount written - off - - (64,543) (64,543)

At 31 December 2020 17,737,726 278,141 194,711 18,210,578

Stage 1 Stage 2 Stage 3 Total
Bank rM’000 rM’000 rM’000 rM’000

At 31 December 2019
At 1 April 2019 14,951,515 294,791 221,216 15,467,522
Total transfer within stages:
Transfer to Stage 1 515,434 (495,996) (19,438) -
Transfer to Stage 2 (614,554) 730,363 (115,809) -
Transfer to Stage 3 (49,676) (174,732) 224,408 -
New financial assets originated 2,318,399 10,361 - 2,328,760
Financial asstes derecognised (1,688,383) (45,191) (40,376) (1,773,950)
Amount written - off - - (60,836) (60,836)

At 31 December 2019 15,432,735 319,596 209,165 15,961,496