THE GROUP AND THE BANK | |||||||
---|---|---|---|---|---|---|---|
Allowance for impairment losses | 2020 | 2019 | |||||
MUR'000 | MUR'000 | ||||||
Loss allowance at 01 July | 15,178 | 58,013 | |||||
- Effect of adopting IFRS 9 | - | (35,258) | |||||
Loss allowance as at 01 July | 15,178 | 22,755 | |||||
Financial assets that have been derecognised | - | (4,915) | |||||
New financial assets originated | 5,333 | 4,748 | |||||
Financial assets that have been repaid | (9,585) | (12,079) | |||||
Other movements | 744 | 4,669 | |||||
Loss allowance as at 30 June | 11,670 | 15,178 |