Page 260 - Bank-Muamalat-Annual-Report-2021

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

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

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
12 Months ecL impaired impaired Total ecL
Group and Bank RM’000 RM’000 RM’000 RM’000

At 31 December 2021
At 1 January 2021 5,130 168 361 5,659
Transfer to Stage 1 161 (159) (2) -
Transfer to Stage 2 (113) 166 (53) -
Transfer to Stage 3 (5) (21) 26 -
Allowance (written back)/made (1,248) 182 1,301 235
New financial assets originated or purchased 3,954 - - 3,954
Financing derecognised (2,673) (203) (1,017) (3,893)

At 31 December 2021 5,206 133 616 5,955

stage 2 stage 3
Lifetime ecL Lifetime
stage 1 not credit ecL credit
12 Months ecL impaired impaired Total ecL
Group and Bank 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