Page 151 - EXIM-BANK-AR20

Section 06 Financial Statements
149

19. OTHER PAYABLES AND ACCRUALS
Group Bank
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000

Sinking fund and debt services reserve accounts 86,116 111,664 86,116 111,664
Interest payable 50,720 69,046 50,720 69,046
Amount due to the Government of Malaysia for
MKFF scheme 2,264 1,481 2,264 1,481
Amount due to Teraju* 52,712 52,364 52,712 52,364
RCCPS dividend payables 42,877 26,512 42,877 26,512
Others 50,830 72,483 50,844 72,494
285,519 333,550 285,533 333,561

* This fund represents advances received from Teraju as collateral for loan to be disbursed to Bumiputera Exporters. Withdrawal
of the fund is upon the borrower turning impaired up to a maximum of RM5,000,000 per borrower.

20. PROVISION FOR COMMITMENTS AND CONTINGENCIES
Group and Bank
2020 2019
RM’000 RM’000

Provision for commitments and contingencies 83,605 81,353

Movements in the provisions for commitments and contingencies are as follows:

Stage 2 Stage 3
Stage 1 Lifetime ECL Lifetime
12-months not credit ECL credit
ECL impaired impaired Total ECL
RM’000 RM’000 RM’000 RM’000

At 1 January 2019 15,013 2,093 - 17,106
Changes due to changes in credit risk (Note 33) 10,028 (850) 44,935 54,113
Allowance during the year (Note 33) 6,129 4,705 - 10,834
Exchange differences - - (700) (700)
At 31 December 2019/1 January 2020 31,170 5,948 44,235 81,353
Transferred to Stage 2 (Note 33) (7,193) 7,193 - -
Transferred to Stage 3 (Note 33) - (407) 407 -
Changes due to changes in credit risk (Note 33) (2,094) 445 - (1,649)
Modification to contractual cash flows of
financial assets (Note 33) 2,398 1,444 - 3,842
Allowance/(written back) during the year (Note 33) (349) 9,192 (8,203) 640
Exchange differences - - (581) (581)
At 31 December 2020 23,932 23,815 35,858 83,605