Page 267 - Bank-Muamalat-AR2020

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Our Performance Sustainability Statement Governance Our Numbers Other Information

29. INCOME DErIvED FrOM INvESTMENT OF ShArEhOLDErS’ FuNDS (CONT’D.)
(b) The Group and the Bank also received Special Relief Fund (“SRF”) and Penjana Tourism Facility (“PTF”) from the
Government for the purpose of financing to SMEs at below market/concession rates. The financing by the Group and
the Bank is to provide support for SMEs in sustaining business operations, safeguard jobs and encourage domestic
investments during the COVID-19 pandemic.

The fair value gain arising from the placement of funds under the SRF and PTF that are recognised in the profit or
loss, amounting to RM8,858,944 for the Group and the Bank, are applied to address the financial and accounting impact
incurred by the Group and the Bank for COVID-19 related relief measures.

30. ALLOwANCE FOr/(wrITE-BACk OF) IMPAIrMENT ON FINANCING
Group and Bank
31 December 31 December
2020 2019
rM’000 rM’000

Allowance for/(write-back of) impairment losses on financing of customer:
- individual allowance made 22,562 7,431
- individual allowance written back (2,794) (6,253)
- collective allowance made 186,386 163,903
- collective allowance written back (106,512) (113,157)
Impaired financing written off 4,680 2,687
Impaired financing recovered (24,255) (33,024)

80,067 21,587

31. ALLOwANCE FOr/(wrITE-BACk OF) IMPAIrMENT LOSSES ON FINANCIAL INvESTMENTS, NET
Group Bank
31 December 31 December 31 December 31 December
2020 2019 2020 2019
rM’000 rM’000 rM’000 rM’000

Impairment written back on investment
in subsidiary - - - (600)
(Write-back of)/allowance for impairment losses
on debt instruments at FVOCI 1,212 3,339 1,212 3,339
Allowance for/(write-back of) impairment losses
on debt instruments at amortised cost (1,176) (273) (1,176) (273)
36 3,066 36 2,466