A B C D E F G
1
2
 THE GROUP AND THE BANK
3
 Internal rating grade Stage 1 Stage 2 Stage 3 Total
4
 MUR'000 MUR'000 MUR'000 MUR'000
5
6
 Performing: -
7
 Credit rating AAA 63,306 - - 63,306
8
 Credit rating AA+ to AA- 947,278 - - (947,278)
9
 Credit rating A+ to A- 13,099,640 - - (13,099,640)
10
 Credit rating BBB+ to BBB- 4,647,832 - - (4,647,832)
11
 Credit rating BB+ to BB- 1,665,110 - - (1,665,110)
12
 Credit rating B+ to B- 279,795 - - (279,795)
13
 Credit rating CCC+ to C - 1,117,417 - (1,117,417)
14
 Non performing:
15
 Credit rating D - - 2,242,335 2,242,335
16
 Total gross carrying amount 20,702,961 1,117,417 2,242,335 24,062,713
17
 Loss allowance (120,351) (226,360) (1,565,806) (1,912,517)
18
 Carrying amount at 30 June 2019 20,582,610 891,057 676,529 22,150,196
19
20
 An analysis of changes in the gross carrying amount and the corresponding ECLs is, as follows:
21
 THE GROUP AND THE BANK
22
 Gross carrying amount Stage 1 Stage 2 Stage 3
23
 12-months ECL Lifetime ECL Lifetime ECL Total
24
 MUR'000 MUR'000 MUR'000 MUR'000
25
 Gross carrying amount at 01 July 2018 18,901,352 2,815,420 1,796,423 23,513,195
26
 Changes in the gross carrying amount -
27
 Transfer to stage 1 149,259 (128,108) (21,151) -
28
 Transfer to stage 2 (486,171) 486,173 (2) -
29
 Transfer to stage 3 (240,702) (1,030,318) 1,271,020 -
30
 New financial assets originated 11,821,407 4,700 17,233 11,843,340
31
 Financial assets that have been repaid (8,524,383) (590,152) (533,458) (9,647,993)
32
 Financial assets that have been derecognised - (310,091) - (310,091)
33
 Write-offs - - (213,662) (213,662)
34
 Other movements (917,801) (130,207) (74,068) (1,122,076)
35
 Gross carrying amount at 30 June 2019 20,702,961 1,117,417 2,242,335 24,062,713
36
37
 THE GROUP AND THE BANK
38
 Stage 1 Stage 2 Stage 3
39
 Allowance for impairment losses 12-months ECL Lifetime ECL Lifetime ECL Total
40
 MUR'000 MUR'000 MUR'000 MUR'000
41
42
 Loss allowance as at 01 July 2018 306,304 - 909,637 1,215,941
43
 - Effect of adopting IFRS 9 (147,203) 565,679 - 418,476
44
 Loss allowance as at 01 July 2018 (as restated) 159,101 565,679 909,637 1,634,417
45
 Changes in the loss allowance
46
 Transfer to stage 1 26,348 (4,752) (21,596) -
47
 Transfer to stage 2 (1,576) 1,578 (2) -
48
 Transfer to stage 3 (1,027) (220,518) 221,545 -
49
 Financial assets that have been derecognised - (142,023) - (142,023)
50
 Write-offs - - (192,203) (192,203)
51
 Net remeasurement of loss allowance (64,666) 79,059 665,767 680,160
52
 New financial assets originated 60,180 83 3,964 64,227
53
 Financial assets that have been repaid (47,311) (33,028) (202,904) (283,243)
54
 Other movements (10,698) (19,718) 181,598 151,182
55
 Loss allowance as at 30 June 2019 120,351 226,360 1,565,806 1,912,517
56
57
 Allowance for impairment losses include both capital and interest on non-performing loans. Interest provision amounts to MUR 296m at 30 June 2019 (2018: MUR 341m, 2017: MUR 395m) on non-performing loans which are in arrears for more than 90 days (included in stage 3).
59
60
 The following is a reconciliation of the allowance for impairment losses for loans and advances:
61
 THE GROUP AND THE BANK
62
 Specific impairment Collective impairment Total
63
 MUR'000 MUR'000 MUR'000
64
 At 1 July 2016 750,008 222,494 972,502
65
 Amount written off against allowance (67,275) 67 (67,208)
66
 Charge for the year 726,980 72,008 798,988
67
 At 30 June 2017 1,409,713 294,569 1,704,282
68
 At 1 July 2017 1,409,713 294,569 1,704,282
69
 Amount written off against allowance (1,364,156) - (1,364,156)
70
 Charge for the year 864,080 11,735 875,815
71
 At 30 June 2018 909,637 306,304 1,215,941
72
A B C D E F G
1
2
 THE GROUP AND THE BANK
3
 Internal rating grade Stage 1 Stage 2 Stage 3 Total
4
 MUR'000 MUR'000 MUR'000 MUR'000
5
6
 Performing: -
7
 Credit rating AAA 63,306 - - 63,306
8
 Credit rating AA+ to AA- 947,278 - - (947,278)
9
 Credit rating A+ to A- 13,099,640 - - (13,099,640)
10
 Credit rating BBB+ to BBB- 4,647,832 - - (4,647,832)
11
 Credit rating BB+ to BB- 1,665,110 - - (1,665,110)
12
 Credit rating B+ to B- 279,795 - - (279,795)
13
 Credit rating CCC+ to C - 1,117,417 - (1,117,417)
14
 Non performing:
15
 Credit rating D - - 2,242,335 2,242,335
16
 Total gross carrying amount 20,702,961 1,117,417 2,242,335 24,062,713
17
 Loss allowance (120,351) (226,360) (1,565,806) (1,912,517)
18
 Carrying amount at 30 June 2019 20,582,610 891,057 676,529 22,150,196
19
20
 An analysis of changes in the gross carrying amount and the corresponding ECLs is, as follows:
21
 THE GROUP AND THE BANK
22
 Gross carrying amount Stage 1 Stage 2 Stage 3
23
12-months ECL
Lifetime ECL
Lifetime ECL
 Total
24
 MUR'000 MUR'000 MUR'000 MUR'000
25
 Gross carrying amount at 01 July 2018 18,901,352 2,815,420 1,796,423 23,513,195
26
 Changes in the gross carrying amount -
27
 Transfer to stage 1 149,259 (128,108) (21,151) -
28
 Transfer to stage 2 (486,171) 486,173 (2) -
29
 Transfer to stage 3 (240,702) (1,030,318) 1,271,020 -
30
 New financial assets originated 11,821,407 4,700 17,233 11,843,340
31
 Financial assets that have been repaid (8,524,383) (590,152) (533,458) (9,647,993)
32
 Financial assets that have been derecognised - (310,091) - (310,091)
33
 Write-offs - - (213,662) (213,662)
34
 Other movements (917,801) (130,207) (74,068) (1,122,076)
35
 Gross carrying amount at 30 June 2019 20,702,961 1,117,417 2,242,335 24,062,713
36
37
 THE GROUP AND THE BANK
38
 Stage 1 Stage 2 Stage 3
39
 Allowance for impairment losses
12-months ECL
Lifetime ECL
Lifetime ECL
 Total
40
 MUR'000 MUR'000 MUR'000 MUR'000
41
42
 Loss allowance as at 01 July 2018 306,304 - 909,637 1,215,941
43
 - Effect of adopting IFRS 9 (147,203) 565,679 - 418,476
44
 Loss allowance as at 01 July 2018 (as restated) 159,101 565,679 909,637 1,634,417
45
 Changes in the loss allowance
46
 Transfer to stage 1 26,348 (4,752) (21,596) -
47
 Transfer to stage 2 (1,576) 1,578 (2) -
48
 Transfer to stage 3 (1,027) (220,518) 221,545 -
49
 Financial assets that have been derecognised - (142,023) - (142,023)
50
 Write-offs - - (192,203) (192,203)
51
 Net remeasurement of loss allowance (64,666) 79,059 665,767 680,160
52
 New financial assets originated 60,180 83 3,964 64,227
53
 Financial assets that have been repaid (47,311) (33,028) (202,904) (283,243)
54
 Other movements (10,698) (19,718) 181,598 151,182
55
 Loss allowance as at 30 June 2019 120,351 226,360 1,565,806 1,912,517
56
57
 Allowance for impairment losses include both capital and interest on non-performing loans. Interest provision amounts to MUR 296m at 30 June 2019 (2018: MUR 341m, 2017: MUR 395m) on non-performing loans which are in arrears for more than 90 days (included in stage 3).
59
60
 The following is a reconciliation of the allowance for impairment losses for loans and advances:
61
 THE GROUP AND THE BANK
62
 Specific impairment Collective impairment Total
63
 MUR'000 MUR'000 MUR'000
64
 At 1 July 2016 750,008 222,494 972,502
65
 Amount written off against allowance (67,275) 67 (67,208)
66
 Charge for the year 726,980 72,008 798,988
67
 At 30 June 2017 1,409,713 294,569 1,704,282
68
 At 1 July 2017 1,409,713 294,569 1,704,282
69
 Amount written off against allowance (1,364,156) - (1,364,156)
70
 Charge for the year 864,080 11,735 875,815
71
 At 30 June 2018 909,637 306,304 1,215,941
72
A B C D E F G
1
2
 THE GROUP AND THE BANK
3
 Internal rating grade Stage 1 Stage 2 Stage 3 Total
4
 MUR'000 MUR'000 MUR'000 MUR'000
5
6
 Performing: -
7
 Credit rating AAA 63,306 - - 63,306
8
 Credit rating AA+ to AA- 947,278 - - (947,278)
9
 Credit rating A+ to A- 13,099,640 - - (13,099,640)
10
 Credit rating BBB+ to BBB- 4,647,832 - - (4,647,832)
11
 Credit rating BB+ to BB- 1,665,110 - - (1,665,110)
12
 Credit rating B+ to B- 279,795 - - (279,795)
13
 Credit rating CCC+ to C - 1,117,417 - (1,117,417)
14
 Non performing:
15
 Credit rating D - - 2,242,335 2,242,335
16
 Total gross carrying amount 20,702,961 1,117,417 2,242,335 24,062,713
17
 Loss allowance (120,351) (226,360) (1,565,806) (1,912,517)
18
 Carrying amount at 30 June 2019 20,582,610 891,057 676,529 22,150,196
19
20
 An analysis of changes in the gross carrying amount and the corresponding ECLs is, as follows:
21
 THE GROUP AND THE BANK
22
 Gross carrying amount Stage 1 Stage 2 Stage 3
23
12-months ECL
Lifetime ECL
Lifetime ECL
 Total
24
 MUR'000 MUR'000 MUR'000 MUR'000
25
 Gross carrying amount at 01 July 2018 18,901,352 2,815,420 1,796,423 23,513,195
26
 Changes in the gross carrying amount -
27
 Transfer to stage 1 149,259 (128,108) (21,151) -
28
 Transfer to stage 2 (486,171) 486,173 (2) -
29
 Transfer to stage 3 (240,702) (1,030,318) 1,271,020 -
30
 New financial assets originated 11,821,407 4,700 17,233 11,843,340
31
 Financial assets that have been repaid (8,524,383) (590,152) (533,458) (9,647,993)
32
 Financial assets that have been derecognised - (310,091) - (310,091)
33
 Write-offs - - (213,662) (213,662)
34
 Other movements (917,801) (130,207) (74,068) (1,122,076)
35
 Gross carrying amount at 30 June 2019 20,702,961 1,117,417 2,242,335 24,062,713
36
37
 THE GROUP AND THE BANK
38
 Stage 1 Stage 2 Stage 3
39
 Allowance for impairment losses
12-months ECL
Lifetime ECL
Lifetime ECL
 Total
40
 MUR'000 MUR'000 MUR'000 MUR'000
41
42
 Loss allowance as at 01 July 2018 306,304 - 909,637 1,215,941
43
 - Effect of adopting IFRS 9 (147,203) 565,679 - 418,476
44
 Loss allowance as at 01 July 2018 (as restated) 159,101 565,679 909,637 1,634,417
45
 Changes in the loss allowance
46
 Transfer to stage 1 26,348 (4,752) (21,596) -
47
 Transfer to stage 2 (1,576) 1,578 (2) -
48
 Transfer to stage 3 (1,027) (220,518) 221,545 -
49
 Financial assets that have been derecognised - (142,023) - (142,023)
50
 Write-offs - - (192,203) (192,203)
51
 Net remeasurement of loss allowance (64,666) 79,059 665,767 680,160
52
 New financial assets originated 60,180 83 3,964 64,227
53
 Financial assets that have been repaid (47,311) (33,028) (202,904) (283,243)
54
 Other movements (10,698) (19,718) 181,598 151,182
55
 Loss allowance as at 30 June 2019 120,351 226,360 1,565,806 1,912,517
56
57
 Allowance for impairment losses include both capital and interest on non-performing loans. Interest provision amounts to MUR 296m at 30 June 2019 (2018: MUR 341m, 2017: MUR 395m) on non-performing loans which are in arrears for more than 90 days (included in stage 3).
59
60
 The following is a reconciliation of the allowance for impairment losses for loans and advances:
61
 THE GROUP AND THE BANK
62
 Specific impairment Collective impairment Total
63
 MUR'000 MUR'000 MUR'000
64
 At 1 July 2016 750,008 222,494 972,502
65
 Amount written off against allowance (67,275) 67 (67,208)
66
 Charge for the year 726,980 72,008 798,988
67
 At 30 June 2017 1,409,713 294,569 1,704,282
68
 At 1 July 2017 1,409,713 294,569 1,704,282
69
 Amount written off against allowance (1,364,156) - (1,364,156)
70
 Charge for the year 864,080 11,735 875,815
71
 At 30 June 2018 909,637 306,304 1,215,941
72