Page 227 - Bank-Muamalat-Annual-Report-2021

ANNUAL REPORT 2021 225
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION

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 2021
At 1 January 2021 17,737,726 278,141 194,711 18,210,578
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 4,585,869 - - 4,585,869
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 20,466,741 201,514 172,073 20,840,328

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 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 17,737,726 278,141 194,711 18,210,578