Page 226 - Bank-Muamalat-Annual-Report-2021

224 bank MuaMalat Malaysia berhaD
ABOUT US OUR LEADERSHIP OUR STRATEGY OUR PERFORMANCE

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMbEr 2021 (26 JAMADIL AwAL 1443H)

7. fINANcING Of cusTOMeRs (cONT’D.)

(viii) Movements in the gross carrying amount of financing of customers
stage 1 stage 2 stage 3 Total
Group RM’000 RM’000 RM’000 RM’000

At 31 December 2021
At 1 January 2021 17,743,341 278,141 194,711 18,216,193
Total transfer within stages:
Transfer to Stage 1 615,209 (563,863) (51,346) -
Transfer to Stage 2 (555,597) 614,904 (59,307) -
Transfer to Stage 3 (68,542) (100,493) 169,035 -
New financial assets originated 4,589,942 - - 4,589,942
Financial assets derecognised (1,852,885) (27,185) (40,854) (1,920,924)
Other adjustments 4,961 10 906 5,877
Amount written - off - - (41,072) (41,072)

At 31 December 2021 20,476,429 201,514 172,073 20,850,016

stage 1 stage 2 stage 3 Total
Group RM’000 RM’000 RM’000 RM’000

At 31 December 2020
At 1 January 2020 15,436,630 319,596 209,165 15,965,391
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 3,918,707 2,720 - 3,921,427
Financial assets 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 17,743,341 278,141 194,711 18,216,193