Page 193 - KWAP_AR2022

FoR BetteR RetuRns Annual Report 2022 191

notes to the
financial statements
for the year ended 31 december 2022

14. DEBT INSTRUMENT AT AMORTISED COST (CONTINUED)
(a) Reclassification of debt instruments at amortised cost

there was no reclassification of debt instruments at amortised cost during the year.

(b) Movements in the allowance for debt instruments at amortised cost
12-months
expected credit
losses Total
Debt Instruments At Amortised Cost RM’000 RM’000
At 1 January 2021 3 3
net remeasurement of loss allowance - -
At 31 December 2021/1 January 2022 3 3
net remeasurement of loss allowance (1) (1)
At 31 December 2022 2 2

there was no purchase of credit-impaired financial assets at the initial recognition and during the year, hence no
recognition of ecl during the year.
(c) Impact of movements in the gross carrying amount on allowance for impairment losses

allowance for impairment losses reflected the ecl measured using the three-stage approach under the mfrs 9,
as described in the significant accounting policies section.

the gross carrying amount of debt instruments at amortised cost increased by rm580.5 million primarily due to
the purchases made during the year.

12-months
expected credit
losses Total
Debt Instruments At Amortised Cost RM’000 RM’000
At 1 January 2021 15,199,224 15,199,224
new financial assets originated or purchased 1,010,862 1,010,862
financial assets that have been derecognised (427,225) (427,225)
movement of accretion of discount 9,153 9,153
At 31 December 2021/1 January 2022 15,792,014 15,792,014
new financial assets originated or purchased 2,127,527 2,127,527
financial assets that have been derecognised (1,569,467) (1,569,467)
movement of accretion of discount 22,469 22,469
At 31 December 2022 16,372,543 16,372,543