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THE GROUP AND THE BANK
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The balances were classified in stage 1 and 12-month ECL was calculated hereon at 30 June 2020 and 2019.
20202019
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MUR'000MUR'000
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Loss allowance as at 01 July25,946-
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- Effect of adopting IFRS 9-50,395
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Loss allowance as at 01 July (as restated)25,94650,395
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Movement in ECL during the year(22,774)(24,449)
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Loss allowance as at 30 June3,17225,946