| THE GROUP AND THE BANK | ||||||
|---|---|---|---|---|---|---|
| 2019 | ||||||
| Stage 1 | Stage 2 | Stage 3 | ||||
| Allowance for impairment losses |
12-months ECL
|
Lifetime ECL | Lifetime ECL | Total | ||
| MUR'000 | MUR'000 | MUR'000 | MUR'000 | |||
| Loss allowance as at 01 July 2018 | 306,304 | - | 909,637 | 1,215,941 | ||
| - Effect of adopting IFRS 9 | (147,203) | 565,679 | - | 418,476 | ||
| Loss allowance as at 01 July 2018 (as restated) | 159,101 | 565,679 | 909,637 | 1,634,417 | ||
| Changes in the loss allowance | ||||||
| Transfer to stage 1 | 26,348 | (4,752) | (21,596) | - | ||
| Transfer to stage 2 | (1,576) | 1,578 | (2) | - | ||
| Transfer to stage 3 | (1,027) | (220,518) | 221,545 | - | ||
| Financial assets that have been derecognised | - | (142,023) | - | (142,023) | ||
| Write-offs | - | - | (192,203) | (192,203) | ||
| Net remeasurement of loss allowance | (64,666) | 79,059 | 665,767 | 680,160 | ||
| New financial assets originated | 60,180 | 83 | 3,964 | 64,227 | ||
| Financial assets that have been repaid | (47,311) | (33,028) | (202,904) | (283,243) | ||
| Other movements | (10,698) | (19,718) | 181,598 | 151,182 | ||
| Loss allowance as at 30 June 2019 | 120,351 | 226,360 | 1,565,806 | 1,912,517 | ||