Page 168 - Capricorn IAR 2020

GLOSSARY OF TERMS ANNUAL FINANCIAL GLOSSARY OF TERMS STATEMENTS
NOTES TO THE CONSOLIDATED AND SEPARATE ANNUAL FINANCIAL STATEMENTS (continued)
for the year ended 30 June 2020
3. FINANCIAL RISK MANAGEMENT (continued)
3.2 Credit risk (continued)
3.2.4 Maximum exposure to credit risk before collateral held or other credit enhancements (continued)
3.2.4.2 Maximum exposure to credit risk – Financial instruments subject to the impairment
The following table contains an analysis of the credit risk exposure of financial instruments for which an ECL allowance is recognised. The gross carrying amount of financial assets below also represents the Group’s maximum exposure to credit risk on these assets.
2020
Stage 1 12-month ECL N$’000
Stage 2 Lifetime ECL N$’000
Stage 3 Lifetime ECL N$’000
Total N$’000
(98,801)
(8,173)
(163,075)
(270,049)
(35,060)
–
–
(35,060)
(49,368)
–
–
(49,368)
–
(92,077)
–
(92,077)
–
–
(493,361)
(493,361)
(183,229)
(100,250)
(656,436)
(939,915)
37,519,367
1,705,853
1,919,894
41,145,114
37,336,138
1,605,603
1,263,458
40,205,199
(700)
(10,139)
–
(10,839)
(700)
(10,139)
–
(10,839)
54,548
669,048
–
723,596
53,848
658,909
–
712,757
Credit grade
Not rated
Low Risk (CG1 – CG2)
Medium Risk (CG3 – CG5) Special monitoring (CG6 – CG7) Doubtful (CG8 – CG9)
Loss allowance
Gross carrying amount1
Carrying amount
1 Excludes the impact of interest in suspense and the IFRS 9 effective interest impact
Financial instruments at amortised cost
Credit grade
Non-rated
Loss allowance
Gross carrying amount
Carrying amount
Credit grade
Not rated
Low Risk (CG1 – CG2)
Medium Risk (CG3 – CG5) Special monitoring (CG6 –CG7) Doubtful (CG8 – CG9)
Loss allowance
Gross carrying amount1
Carrying amount
1 Excludes the impact of interest in suspense and the IFRS 9 effective interest impact
Financial instruments at amortised cost
Credit grade
Stage 1 12–month ECL N$’000
(75,760) (33,278) (43,498)
– –
(152,536) 35,614,458
35,461,922
2019
Stage 2 Lifetime ECL N$’000
(23,402) –
– (78,854)
–
(102,256) 1,718,866
1,616,610
(35,976)
(35,976) 705,353
669,377
Stage 3 Lifetime ECL N$’000
(163,829) –
–
– (344,898)
(508,727) 1,612,791
1,104,064
–
– –
–
Total N$’000
(262,991) (33,278) (43,498) (78,854)
(344,898)
(763,519) 38,946,115
38,182,596
(36,873)
(36,873) 897,187
860,314
Non-rated (897)
Loss allowance
Gross carrying amount
Carrying amount
(897) 191,834
190,937
166
Information on how the Expected Credit Loss (ECL) is measured and how the three stages above are determined is included in note 3.2.2 ‘Expected credit loss measurement’.