Page 259 - Bank-Muamalat-AR2020

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Our Performance Sustainability Statement Governance Our Numbers Other Information

21. OThEr LIABILITIES (CONT’D.)
(a) Movements in the allowances for impairment losses on financing commitments and financial guarantee contracts are
as follows:

Stage 2 Stage 3
Lifetime ECL Lifetime
Stage 1 not credit ECL credit
Group and Bank 12 Months ECL impaired impaired Total ECL
rM’000 rM’000 rM’000 rM’000

At 31 December 2020
At 1 January 2020 3,064 93 2,931 6,088
Transfer to Stage 1 156 (112) (44) -
Transfer to Stage 2 (44) 162 (118) -
Transfer to Stage 3 (29) (17) 46 -
Allowance made 1,015 56 248 1,319
New financial assets originated or purchased 2,875 2 - 2,877
Financing derecognised (1,907) (16) (349) (2,272)
Amount written-off - - (2,353) (2,353)

At 31 December 2020 5,130 168 361 5,659

Stage 2 Stage 3
Lifetime ECL Lifetime
Stage 1 not credit ECL credit
Group and Bank 12 Months ECL impaired impaired Total ECL
rM’000 rM’000 rM’000 rM’000

At 31 December 2019
At 1 April 2019 3,406 121 3,371 6,898
Transfer to Stage 1 180 (150) (30) -
Transfer to Stage 2 (51) 193 (142) -
Transfer to Stage 3 (4) (146) 150 -
Allowance (written back)/made (286) 104 182 -
New financial assets originated or purchased 495 - - 495
Financing derecognised (676) (29) (461) (1,166)
Amount written-off - - (139) (139)

At 31 December 2019 3,064 93 2,931 6,088