Page 130 - RFHL ANNUAL REPORT 2024_ONLINE

128 Notes to the Consolidated Financial Statements

For the Year Ended September 30, 2024.
Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

4. Advances (continued)

c Net investment in leased assets has the following maturity profile:

2024 2023

Within one year – –
One to five years 14 19
Over five years – –

14 19

d Impairment allowance for advances to customers
The table below shows the staging of advances and the related ECLs based on the Group’s criteria as explained in Note
22.2.4. Policies on whether ECL allowances are calculated on an individual or collective basis are set out in Note 22.2.6.
Commercial
and
Retail corporate Credit
2024 lending lending Mortgages Overdrafts cards Total

Gross loans 8,313 18,462 36,612 3,733 1,989 69,109
Stage 1: 12 Month ECL (103) (82) (112) (41) (44) (382)
Stage 2: Lifetime ECL (7) (56) (43) (46) (18) (170)
Stage 3: Credit-impaired financial
assets - Lifetime ECL (157) (396) (258) (21) (151) (983)

8,046 17,928 36,199 3,625 1,776 67,574

Stage 1: 12 Month ECL
ECL allowance as at October 1, 2023 101 91 132 35 52 411
Translation adjustments (2) (2) – – 3 (1)
ECL on new instruments issued
during the year 26 27 10 3 1 67
Other credit loss movements,
repayments etc. (22) (34) (30) 3 (12) (95)

At September 30, 2024 103 82 112 41 44 382

Stage 2: Lifetime ECL
ECL allowance as at October 1, 2023 7 143 63 19 31 263
Translation adjustments – 2 – 2 (1) 3
ECL on new instruments issued
during the year 2 14 4 1 – 21
Other credit loss movements,
repayments etc. (2) (103) (24) 24 (12) (117)

At September 30, 2024 7 56 43 46 18 170