Page 195 - KWAP_AR2022

FoR BetteR RetuRns Annual Report 2022 193

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

16. DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (CONTINUED)
(a) Reclassification of debt instruments at FVOCI

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

(b) Movements in allowance for debt instruments at FVOCI
Lifetime Lifetime
Expected Expected
Credit Losses Credit Losses
12-months (Collectively (Collectively
Expected Assessed Assessed
Credit - Not Credit - Credit
Losses Impaired) Impaired) Total
Debt instruments at FVOCI RM’000 RM’000 RM’000 RM’000
At 1 January 2021 284 2,084 - 2,368
changes due to financial assets
recognised in the opening balance
that have:
- transferred to lifetime ecl not
credit impaired – collective provision - 6,435 - 6,435
- transferred to lifetime ecl
credit impaired – collective provision - (1,397) 1,397 -
net remeasurement of loss allowance (62) 58,634 (1,397) 57,175
new financial assets originated or purchased 29 - - 29
financial assets that have been derecognised (143) - - (143)
exchange fluctuations 1 - - 1
At 31 December 2021/1 January 2022 109 65,756 - 65,865
changes due to financial assets
recognised in the opening balance
that have:
- transferred to 12-months ecl 59,321 (59,321) - -
net remeasurement of loss allowance (59,408) (435) - (59,843)
new financial assets originated or purchased 1 - - 1
financial assets that have been derecognised (8) (895) - (903)
At 31 December 2022 15 5,105 - 5,120

there was no undiscounted ecl at the initial recognition of credit-impaired financial assets purchased during
the year.