A B C D E F G H
1
2
 IAS 39 classification &
measurement		 Carrying amount
        under IAS 39        		 IFRS 9 classification & measurement Carrying amount
under IFRS 9*
3
 MUR'000 MUR'000
4
5
 At 1 July 2018
6
 Cash and cash equivalents Loans & Receivables at amortised cost 50,105,076 Amortised cost 50,054,681
7
 Due from banks Loans & Receivables at
amortised cost		 5,164,742 Amortised cost 5,164,516
8
 Derivative financial instruments FVTPL 897,052 FVTPL 897,052
9
 Financial investments held for trading Held for trading at FVTPL 3,855,950 Held for trading at FVTPL 3,855,950
10
 Financial investments available for sale (debt) AFS - FVTOCI 4,055,941 FVTOCI 4,055,941
11
 Financial investments available for sale (equity) AFS - FVTOCI 18,559 FVTOCI 18,559
12
 Financial investment held to maturity HTM 27,360,177 HTM at Amortised cost 27,354,148
13
 Loans and advances to banks Loans & Receivables at
amortised cost		 5,769,229 Amortised cost 5,804,487
14
 Loans and advances to customers Loans & Receivables at
amortised cost		 22,297,254 Amortised cost 21,878,778
15
 Other assets Loans & Receivables at
amortised cost		 1,659,327 Amortised cost 1,659,327
16
 Trade receivables Loans & Receivables at
amortised cost		 19,000 Amortised cost 18,899
17
 Equity investments (Included in other assets) At cost                           7,181
Equity investment designated at FVTOCI *
 7,181
18
                121,209,488 120,769,519
19
20
 * The fair value movement at 01 July 2018 was insignificant for equity investments designated at FVTOCI.
21
22
23
 FINANCIAL ASSETS IAS 39 IFRS 9
24
 CARRYING AMOUNT RECLASSIFICATION ECL FAIR VALUE CARRYING AMOUNT
25
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
26
 Cash and cash equivalents 50,105,076 - (50,395) - 50,054,681
27
 Due from banks 5,164,742 - (226) - 5,164,516
28
 Derivative financial instruments 897,052 - - - 897,052
29
 Debt instruments mandatorily measured at fair value through profit or loss 3,855,950 - - - 3,855,950
30
 Debt instruments measured at fair value through other comprehensive income 4,055,941 - (547) 547 4,055,941
31
 Debt instruments measured at amortised cost 27,360,177 - (6,029) - 27,354,148
32
 Financial investments available for sale (equity) 18,559 (18,559) - - -
33
 Equity Investment designated at fair value through other comprehensive income - 25,740 - - 25,740
34
 Loans and advances to banks 5,769,229 - 35,258 - 5,804,487
35
 Loans and advances to customers 22,297,254 - (418,476) - 21,878,778
36
 Other assets 1,659,327 - - - 1,659,327
37
 Trade receivables 19,000 - (101) - 18,899
38
 Equity investments (Included in other assets) 7,181 (7,181) - - -
39
 121,209,488 - (440,516) 547 120,769,519
40
 FINANCIAL LIABILITIES
41
 Financial guarantee contracts and loan commitments - - (10,087) - (10,087)
42
 Impact on retained and earnings and reconciliation of ECL at 1 July 2018
43
44
 THE GROUP
45
 MUR'000
46
 Retained earnings
47
 Additional credit losses (450,603)
48
 Impact of deferred tax 21,122
49
 Net impact on retained earnings at 1 July 2018 (429,481)
50
 Fair value reserve
51
 Additional credit loss 547
52
 The reconciliation between the closing provision for impairment in accordance with IAS 39 to the opening loss allowance determined in accordance with IFRS 9 for the above financial instruments on 1 July 2018 is as follows:
53
54
55
 Allowance for impairment under IAS 39 as at 30 June Remeasurement ECL under IFRS 9 as at 1 July 2018
56
 2,018
57
 MUR '000 MUR '000 MUR '000
58
 Loans and receivables and Held to Maturity under IAS 39/ Financial assets at amortised
59
 cost under IFRS 9 (includes cash and cash equivalents, due from banks loans and advances 1,273,954 439,868 1,713,822
60
 to banks and loans and advances to customers)
61
 Trade receivables at amortised cost - 101 101
62
 Available-for-sale debt investment securities under IAS 39/debt financial assets at FVTOCI under IFRS 9 - 547 547
63
 Loan commitments and financial guarantee contracts issued - 10,087 10,087
64
 1,273,954 450,603 1,724,557
A B C D E F G H
1
2
 IAS 39 classification &
measurement		 Carrying amount
        under IAS 39        		 IFRS 9 classification & measurement Carrying amount
under IFRS 9*
3
 MUR'000 MUR'000
4
5
 At 1 July 2018
6
 Cash and cash equivalents Loans & Receivables at amortised cost 50,105,076 Amortised cost 50,054,681
7
 Due from banks Loans & Receivables at
amortised cost		 5,164,742 Amortised cost 5,164,516
8
 Derivative financial instruments FVTPL 897,052 FVTPL 897,052
9
 Financial investments held for trading Held for trading at FVTPL 3,855,950 Held for trading at FVTPL 3,855,950
10
 Financial investments available for sale (debt) AFS - FVTOCI 4,055,941 FVTOCI 4,055,941
11
 Financial investments available for sale (equity) AFS - FVTOCI 18,559 FVTOCI 18,559
12
 Financial investment held to maturity HTM 27,360,177 HTM at Amortised cost 27,354,148
13
 Loans and advances to banks Loans & Receivables at
amortised cost		 5,769,229 Amortised cost 5,804,487
14
 Loans and advances to customers Loans & Receivables at
amortised cost		 22,297,254 Amortised cost 21,878,778
15
 Other assets Loans & Receivables at
amortised cost		 1,659,327 Amortised cost 1,659,327
16
 Trade receivables Loans & Receivables at
amortised cost		 19,000 Amortised cost 18,899
17
 Equity investments (Included in other assets) At cost                           7,181
Equity investment designated at FVTOCI *
 7,181
18
                121,209,488 120,769,519
19
20
 * The fair value movement at 01 July 2018 was insignificant for equity investments designated at FVTOCI.
21
22
23
 FINANCIAL ASSETS IAS 39 IFRS 9
24
 CARRYING AMOUNT RECLASSIFICATION ECL FAIR VALUE CARRYING AMOUNT
25
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
26
 Cash and cash equivalents 50,105,076 - (50,395) - 50,054,681
27
 Due from banks 5,164,742 - (226) - 5,164,516
28
 Derivative financial instruments 897,052 - - - 897,052
29
 Debt instruments mandatorily measured at fair value through profit or loss 3,855,950 - - - 3,855,950
30
 Debt instruments measured at fair value through other comprehensive income 4,055,941 - (547) 547 4,055,941
31
 Debt instruments measured at amortised cost 27,360,177 - (6,029) - 27,354,148
32
 Financial investments available for sale (equity) 18,559 (18,559) - - -
33
 Equity Investment designated at fair value through other comprehensive income - 25,740 - - 25,740
34
 Loans and advances to banks 5,769,229 - 35,258 - 5,804,487
35
 Loans and advances to customers 22,297,254 - (418,476) - 21,878,778
36
 Other assets 1,659,327 - - - 1,659,327
37
 Trade receivables 19,000 - (101) - 18,899
38
 Equity investments (Included in other assets) 7,181 (7,181) - - -
39
 121,209,488 - (440,516) 547 120,769,519
40
 FINANCIAL LIABILITIES
41
 Financial guarantee contracts and loan commitments - - (10,087) - (10,087)
42
 Impact on retained and earnings and reconciliation of ECL at 1 July 2018
43
44
 THE GROUP
45
 MUR'000
46
 Retained earnings
47
 Additional credit losses (450,603)
48
 Impact of deferred tax 21,122
49
 Net impact on retained earnings at 1 July 2018 (429,481)
50
 Fair value reserve
51
 Additional credit loss 547
52
 The reconciliation between the closing provision for impairment in accordance with IAS 39 to the opening loss allowance determined in accordance with IFRS 9 for the above financial instruments on 1 July 2018 is as follows:
53
54
55
 Allowance for impairment under IAS 39 as at 30 June Remeasurement ECL under IFRS 9 as at 1 July 2018
56
 2,018
57
 MUR '000 MUR '000 MUR '000
58
 Loans and receivables and Held to Maturity under IAS 39/ Financial assets at amortised
59
 cost under IFRS 9 (includes cash and cash equivalents, due from banks loans and advances 1,273,954 439,868 1,713,822
60
 to banks and loans and advances to customers)
61
 Trade receivables at amortised cost - 101 101
62
 Available-for-sale debt investment securities under IAS 39/debt financial assets at FVTOCI under IFRS 9 - 547 547
63
 Loan commitments and financial guarantee contracts issued - 10,087 10,087
64
 1,273,954 450,603 1,724,557
A B C D E F G H
1
2
 IAS 39 classification &
measurement		 Carrying amount
        under IAS 39        		 IFRS 9 classification & measurement Carrying amount
under IFRS 9*
3
 MUR'000 MUR'000
4
5
 At 1 July 2018
6
 Cash and cash equivalents Loans & Receivables at amortised cost 50,105,076 Amortised cost 50,054,681
7
 Due from banks Loans & Receivables at
amortised cost		 5,164,742 Amortised cost 5,164,516
8
 Derivative financial instruments FVTPL 897,052 FVTPL 897,052
9
 Financial investments held for trading Held for trading at FVTPL 3,855,950 Held for trading at FVTPL 3,855,950
10
 Financial investments available for sale (debt) AFS - FVTOCI 4,055,941 FVTOCI 4,055,941
11
 Financial investments available for sale (equity) AFS - FVTOCI 18,559 FVTOCI 18,559
12
 Financial investment held to maturity HTM 27,360,177 HTM at Amortised cost 27,354,148
13
 Loans and advances to banks Loans & Receivables at
amortised cost		 5,769,229 Amortised cost 5,804,487
14
 Loans and advances to customers Loans & Receivables at
amortised cost		 22,297,254 Amortised cost 21,878,778
15
 Other assets Loans & Receivables at
amortised cost		 1,659,327 Amortised cost 1,659,327
16
 Trade receivables Loans & Receivables at
amortised cost		 19,000 Amortised cost 18,899
17
 Equity investments (Included in other assets) At cost                           7,181
Equity investment designated at FVTOCI *
 7,181
18
                121,209,488 120,769,519
19
20
 * The fair value movement at 01 July 2018 was insignificant for equity investments designated at FVTOCI.
21
22
23
 FINANCIAL ASSETS IAS 39 IFRS 9
24
 CARRYING AMOUNT RECLASSIFICATION ECL FAIR VALUE CARRYING AMOUNT
25
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
26
 Cash and cash equivalents 50,105,076 - (50,395) - 50,054,681
27
 Due from banks 5,164,742 - (226) - 5,164,516
28
 Derivative financial instruments 897,052 - - - 897,052
29
 Debt instruments mandatorily measured at fair value through profit or loss 3,855,950 - - - 3,855,950
30
 Debt instruments measured at fair value through other comprehensive income 4,055,941 - (547) 547 4,055,941
31
 Debt instruments measured at amortised cost 27,360,177 - (6,029) - 27,354,148
32
 Financial investments available for sale (equity) 18,559 (18,559) - - -
33
 Equity Investment designated at fair value through other comprehensive income - 25,740 - - 25,740
34
 Loans and advances to banks 5,769,229 - 35,258 - 5,804,487
35
 Loans and advances to customers 22,297,254 - (418,476) - 21,878,778
36
 Other assets 1,659,327 - - - 1,659,327
37
 Trade receivables 19,000 - (101) - 18,899
38
 Equity investments (Included in other assets) 7,181 (7,181) - - -
39
 121,209,488 - (440,516) 547 120,769,519
40
 FINANCIAL LIABILITIES
41
 Financial guarantee contracts and loan commitments - - (10,087) - (10,087)
42
 Impact on retained and earnings and reconciliation of ECL at 1 July 2018
43
44
 THE GROUP
45
 MUR'000
46
 Retained earnings
47
 Additional credit losses (450,603)
48
 Impact of deferred tax 21,122
49
 Net impact on retained earnings at 1 July 2018 (429,481)
50
 Fair value reserve
51
 Additional credit loss 547
52
 The reconciliation between the closing provision for impairment in accordance with IAS 39 to the opening loss allowance determined in accordance with IFRS 9 for the above financial instruments on 1 July 2018 is as follows:
53
54
55
 Allowance for impairment under IAS 39 as at 30 June Remeasurement ECL under IFRS 9 as at 1 July 2018
56
 2,018
57
 MUR '000 MUR '000 MUR '000
58
 Loans and receivables and Held to Maturity under IAS 39/ Financial assets at amortised
59
 cost under IFRS 9 (includes cash and cash equivalents, due from banks loans and advances 1,273,954 439,868 1,713,822
60
 to banks and loans and advances to customers)
61
 Trade receivables at amortised cost - 101 101
62
 Available-for-sale debt investment securities under IAS 39/debt financial assets at FVTOCI under IFRS 9 - 547 547
63
 Loan commitments and financial guarantee contracts issued - 10,087 10,087
64
 1,273,954 450,603 1,724,557