Affin Bank Berhad | Annual Report 2020

269 AFFIN BANK BERHAD 197501003274 (25046-T) | ANNUAL REPORT 2020 7 FINANCIAL INVESTMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (‘FVOCI’) (CONTINUED) Debt instruments at FVOCI Movements in allowances for impairment which reflect the ECL model on impairment are as follows: Lifetime ECL Lifetime ECL 12 - Month not credit credit ECL impaired impaired The Group Stage 1 Stage 2 Stage 3 Total 2020 RM’000 RM’000 RM’000 RM’000 At beginning of the financial year 4,388 595 12,166 17,149 Total transfer between stages due to change in credit risk:- (4,544) 4,544 - - - Transfer to 12 - month ECL (Stage 1) 198 (198) - - - Transfer to Lifetime ECL not credit impaired (Stage 2) (4,742) 4,742 - - Financial assets derecognised (other than write-off) (27,227) (661) - (27,888) New financial assets originated or purchased 12,076 - - 12,076 Changes due to change in credit risk 35,735 21,904 4 57,643 Changes in models/risk parameters 1,752 5,076 - 6,828 Other adjustments - Foreign exchange and other movements 21 (1) - 20 At end of the financial year 22,201 31,457 12,170 65,828 Lifetime ECL Lifetime ECL 12 - Month not credit credit ECL impaired impaired The Group Stage 1 Stage 2 Stage 3 Total 2019 RM’000 RM’000 RM’000 RM’000 At beginning of the financial year 5,307 39 17,515 22,861 Total transfer between stages due to change in credit risk:- (34) 34 - - - Transfer to Lifetime ECL not credit impaired (Stage 2) (34) 34 - - Financial assets derecognised (other than write-off) (1,948) - (7,073) (9,021) New financial assets originated or purchased 566 - - 566 Changes due to change in credit risk 464 550 1,724 2,738 Changes in models/risk parameters 35 (29) - 6 Other adjustments - Foreign exchange and other movements (2) 1 - (1) At end of the financial year 4,388 595 12,166 17,149 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020