Page 196 - KWAP_AR2022

194 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER REtURNS

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

16. DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (CONTINUED)
(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 (3) stage approach under the
mfrs 9, as described in the significant accounting policies section. the following explanation relates to the
contribution of the significant changes in the gross carrying amount of debt instruments at fVoci during the year
to the changes in the allowance for impairment losses for the group and KWap under the ecl model.
overall, the total allowance for impairment losses decreased by rm60.7 million compared to the opening balance
at the beginning of the year. the net decrease was driven by the movement of the calculated provision from the
previously recognised lifetime expected credit loss to the 12-months expected credit loss.

the gross carrying amount of debt instruments at fVoci increased primarily due to the following:
• purchases made during the year;
• changes due to modification during the year; and
• derecognition during the year.

Lifetime Lifetime
Expected Expected
Credit Losses Credit Losses
12-months (Collectively (Collectively
Expected Assessed Assessed
Credit - Not Credit - Credit
Gross Carrying Amount Losses Impaired) Impaired) Total
Of Debt Instruments At FVOCI RM’000 RM’000 RM’000 RM’000
At 1 January 2021 33,747,383 134,273 - 33,881,656
transfers:
- transferred to lifetime ecl
not credit impaired – collective (7,686) 7,686 - -
- transferred to lifetime ecl
credit impaired – collective - (41,949) 41,949 -
new financial assets originated or purchased 9,235,923 - - 9,235,923
financial assets that have been derecognised (5,273,664) (1,386) - (5,275,050)
exchange fluctuations (1,759,037) (29,587) (41,949) (1,830,573)
At 31 December 2021/1 January 2022 35,942,919 69,037 - 36,011,956
transfers:
- transferred to 12-months ecl 62,737 (62,737) - -
new financial assets originated or purchased 8,833,175 - - 8,833,175
financial assets that have been derecognised (4,609,135) (888) - (4,610,023)
exchange fluctuations (1,032,336) (392) - (1,032,728)
At 31 December 2022 39,197,360 5,020 - 39,202,380