| A | B | C | D | E | F | G | H | |
|---|---|---|---|---|---|---|---|---|
|
1
|
||||||||
|
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
|
At 1 July 2018 | |||||||
|
5
|
Cash and cash equivalents | Loans & Receivables at amortised cost | 49,974,647 | Amortised cost | 49,924,252 | |||
|
6
|
Due from banks | Loans & Receivables at amortised cost |
5,164,742 | Amortised cost | 5,164,516 | |||
|
7
|
Derivative financial instruments | FVTPL | 208,490 | FVTPL | 208,490 | |||
|
8
|
Financial investments held for trading | Held for trading at FVTPL | 2,958,296 | Held for trading at FVTPL | 2,958,296 | |||
|
9
|
Financial investments available for sale | AFS - FVTOCI | 4,055,941 | FVTOCI | 4,055,941 | |||
|
10
|
Financial investment held to maturity | HTM | 27,360,177 | HTM at Amortised cost | 27,354,148 | |||
|
11
|
Loans and advances to banks | Loans & Receivables at amortised cost |
5,769,229 | Amortised cost | 5,804,487 | |||
|
12
|
Loans and advances to customers | Loans & Receivables at amortised cost |
22,297,254 | Amortised cost | 21,878,778 | |||
|
13
|
Other assets | Loans & Receivables at amortised cost |
1,833,992 | Amortised cost | 1,833,992 | |||
|
14
|
Equity investments designated at FVTOCI | At cost | 7,181 | Equity investment designated at FVTOCI * | 7,181 | |||
|
15
|
119,629,949 | 119,190,081 | ||||||
|
16
|
||||||||
|
17
|
* The fair value movement at 01 July 2018 was insignificant for equity investments designated at FVTOCI. | |||||||
|
18
|
IAS 39 | IFRS 9 | ||||||
|
19
|
FINANCIAL ASSETS | CARRYING AMOUNT | RECLASSIFICATION | ECL | FAIR VALUE | CARRYING AMOUNT | ||
|
20
|
MUR'000 | MUR'000 | MUR'000 | MUR'000 | MUR'000 | |||
|
21
|
Cash and cash equivalents | 49,974,647 | - | (50,395) | - | 49,924,252 | ||
|
22
|
Due from banks | 5,164,742 | - | (226) | - | 5,164,516 | ||
|
23
|
Derivative financial instruments | 208,490 | - | - | - | 208,490 | ||
|
24
|
Debt instruments mandatorily measured at fair value through profit or loss | 2,958,296 | - | - | - | 2,958,296 | ||
|
25
|
Debt instruments measured at fair value through other comprehensive income | 4,055,941 | - | (547) | 547 | 4,055,941 | ||
|
26
|
Debt instruments measured at amortised cost | 27,360,177 | - | (6,029) | - | 27,354,148 | ||
|
27
|
Equity Investment designated at fair value through other comprehensive income | - | 7,181 | - | - | 7,181 | ||
|
28
|
Loans and advances to banks | 5,769,229 | - | - | 5,804,487 | |||
|
29
|
Loans and advances to customers | 22,297,254 | - | 35,258 | - | 21,878,778 | ||
|
30
|
Other assets | 1,841,173 | (7,181) | - | - | 1,833,992 | ||
|
31
|
119,629,949 | - | (440,415) | 547 | 119,190,081 | |||
|
32
|
||||||||
|
33
|
FINANCIAL LIABILITIES | |||||||
|
34
|
Financial guarantee contracts and loan commitments | - | - | (10,087) | - | (10,087) | ||
|
35
|
Impact on retained and earnings and reconciliation of ECL at 1 July 2018 | |||||||
|
36
|
THE BANK |
|||||||
|
37
|
Retained earnings | MUR '000 | ||||||
|
38
|
Additional credit losses | (450,502) | ||||||
|
39
|
Impact of deferred tax | 21,122 | ||||||
|
40
|
Net impact on retained earnings at 1 July 2018 | (429,380) | ||||||
|
41
|
||||||||
|
42
|
Fair value reserve | |||||||
|
43
|
Additional credit loss | 547 | ||||||
|
44
|
||||||||
|
45
|
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: | |||||||
|
46
|
||||||||
|
47
|
Allowance for impairment under IAS 39 as at 30 June | Remeasurement | ECL under IFRS 9 as at 1 July 2018 | |||||
|
48
|
2018 | |||||||
|
49
|
MUR '000 | MUR '000 | MUR '000 | |||||
|
50
|
Loans and receivables and Held to Maturity under IAS 39/ Financial assets at
amortised cost under IFRS 9 (includes cash and cash equivalents, due from banks loans and advances to banks and loans and advances to customers) |
1,273,954 | 439,868 | 1,713,822 | ||||
|
51
|
Available-for-sale debt investment securities under IAS 39/debt financial assets at FVTOCI under IFRS 9 | - | 547 | 547 | ||||
|
52
|
Loan commitments and financial guarantee contracts issued | - | 10,087 | 10,087 | ||||
|
53
|
1,273,954 | 450,502 | 1,724,456 |
| 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
|
At 1 July 2018 | |||||||
|
5
|
Cash and cash equivalents | Loans & Receivables at amortised cost | 49,974,647 | Amortised cost | 49,924,252 | |||
|
6
|
Due from banks | Loans & Receivables at amortised cost |
5,164,742 | Amortised cost | 5,164,516 | |||
|
7
|
Derivative financial instruments | FVTPL | 208,490 | FVTPL | 208,490 | |||
|
8
|
Financial investments held for trading | Held for trading at FVTPL | 2,958,296 | Held for trading at FVTPL | 2,958,296 | |||
|
9
|
Financial investments available for sale | AFS - FVTOCI | 4,055,941 | FVTOCI | 4,055,941 | |||
|
10
|
Financial investment held to maturity | HTM | 27,360,177 | HTM at Amortised cost | 27,354,148 | |||
|
11
|
Loans and advances to banks | Loans & Receivables at amortised cost |
5,769,229 | Amortised cost | 5,804,487 | |||
|
12
|
Loans and advances to customers | Loans & Receivables at amortised cost |
22,297,254 | Amortised cost | 21,878,778 | |||
|
13
|
Other assets | Loans & Receivables at amortised cost |
1,833,992 | Amortised cost | 1,833,992 | |||
|
14
|
Equity investments designated at FVTOCI | At cost | 7,181 | Equity investment designated at FVTOCI * | 7,181 | |||
|
15
|
119,629,949 | 119,190,081 | ||||||
|
16
|
||||||||
|
17
|
* The fair value movement at 01 July 2018 was insignificant for equity investments designated at FVTOCI. | |||||||
|
18
|
IAS 39 | IFRS 9 | ||||||
|
19
|
FINANCIAL ASSETS | CARRYING AMOUNT | RECLASSIFICATION | ECL | FAIR VALUE | CARRYING AMOUNT | ||
|
20
|
MUR'000 | MUR'000 | MUR'000 | MUR'000 | MUR'000 | |||
|
21
|
Cash and cash equivalents | 49,974,647 | - | (50,395) | - | 49,924,252 | ||
|
22
|
Due from banks | 5,164,742 | - | (226) | - | 5,164,516 | ||
|
23
|
Derivative financial instruments | 208,490 | - | - | - | 208,490 | ||
|
24
|
Debt instruments mandatorily measured at fair value through profit or loss | 2,958,296 | - | - | - | 2,958,296 | ||
|
25
|
Debt instruments measured at fair value through other comprehensive income | 4,055,941 | - | (547) | 547 | 4,055,941 | ||
|
26
|
Debt instruments measured at amortised cost | 27,360,177 | - | (6,029) | - | 27,354,148 | ||
|
27
|
Equity Investment designated at fair value through other comprehensive income | - | 7,181 | - | - | 7,181 | ||
|
28
|
Loans and advances to banks | 5,769,229 | - | - | 5,804,487 | |||
|
29
|
Loans and advances to customers | 22,297,254 | - | 35,258 | - | 21,878,778 | ||
|
30
|
Other assets | 1,841,173 | (7,181) | - | - | 1,833,992 | ||
|
31
|
119,629,949 | - | (440,415) | 547 | 119,190,081 | |||
|
32
|
||||||||
|
33
|
FINANCIAL LIABILITIES | |||||||
|
34
|
Financial guarantee contracts and loan commitments | - | - | (10,087) | - | (10,087) | ||
|
35
|
Impact on retained and earnings and reconciliation of ECL at 1 July 2018 | |||||||
|
36
|
THE BANK |
|||||||
|
37
|
Retained earnings | MUR '000 | ||||||
|
38
|
Additional credit losses | (450,502) | ||||||
|
39
|
Impact of deferred tax | 21,122 | ||||||
|
40
|
Net impact on retained earnings at 1 July 2018 | (429,380) | ||||||
|
41
|
||||||||
|
42
|
Fair value reserve | |||||||
|
43
|
Additional credit loss | 547 | ||||||
|
44
|
||||||||
|
45
|
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: | |||||||
|
46
|
||||||||
|
47
|
Allowance for impairment under IAS 39 as at 30 June | Remeasurement | ECL under IFRS 9 as at 1 July 2018 | |||||
|
48
|
2018 | |||||||
|
49
|
MUR '000 | MUR '000 | MUR '000 | |||||
|
50
|
Loans and receivables and Held to Maturity under IAS 39/ Financial assets at
amortised cost under IFRS 9 (includes cash and cash equivalents, due from banks loans and advances to banks and loans and advances to customers) |
1,273,954 | 439,868 | 1,713,822 | ||||
|
51
|
Available-for-sale debt investment securities under IAS 39/debt financial assets at FVTOCI under IFRS 9 | - | 547 | 547 | ||||
|
52
|
Loan commitments and financial guarantee contracts issued | - | 10,087 | 10,087 | ||||
|
53
|
1,273,954 | 450,502 | 1,724,456 |
| 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
|
At 1 July 2018 | |||||||
|
5
|
Cash and cash equivalents | Loans & Receivables at amortised cost | 49,974,647 | Amortised cost | 49,924,252 | |||
|
6
|
Due from banks | Loans & Receivables at amortised cost |
5,164,742 | Amortised cost | 5,164,516 | |||
|
7
|
Derivative financial instruments | FVTPL | 208,490 | FVTPL | 208,490 | |||
|
8
|
Financial investments held for trading | Held for trading at FVTPL | 2,958,296 | Held for trading at FVTPL | 2,958,296 | |||
|
9
|
Financial investments available for sale | AFS - FVTOCI | 4,055,941 | FVTOCI | 4,055,941 | |||
|
10
|
Financial investment held to maturity | HTM | 27,360,177 | HTM at Amortised cost | 27,354,148 | |||
|
11
|
Loans and advances to banks | Loans & Receivables at amortised cost |
5,769,229 | Amortised cost | 5,804,487 | |||
|
12
|
Loans and advances to customers | Loans & Receivables at amortised cost |
22,297,254 | Amortised cost | 21,878,778 | |||
|
13
|
Other assets | Loans & Receivables at amortised cost |
1,833,992 | Amortised cost | 1,833,992 | |||
|
14
|
Equity investments designated at FVTOCI | At cost | 7,181 | Equity investment designated at FVTOCI * | 7,181 | |||
|
15
|
119,629,949 | 119,190,081 | ||||||
|
16
|
||||||||
|
17
|
* The fair value movement at 01 July 2018 was insignificant for equity investments designated at FVTOCI. | |||||||
|
18
|
IAS 39 | IFRS 9 | ||||||
|
19
|
FINANCIAL ASSETS | CARRYING AMOUNT | RECLASSIFICATION | ECL | FAIR VALUE | CARRYING AMOUNT | ||
|
20
|
MUR'000 | MUR'000 | MUR'000 | MUR'000 | MUR'000 | |||
|
21
|
Cash and cash equivalents | 49,974,647 | - | (50,395) | - | 49,924,252 | ||
|
22
|
Due from banks | 5,164,742 | - | (226) | - | 5,164,516 | ||
|
23
|
Derivative financial instruments | 208,490 | - | - | - | 208,490 | ||
|
24
|
Debt instruments mandatorily measured at fair value through profit or loss | 2,958,296 | - | - | - | 2,958,296 | ||
|
25
|
Debt instruments measured at fair value through other comprehensive income | 4,055,941 | - | (547) | 547 | 4,055,941 | ||
|
26
|
Debt instruments measured at amortised cost | 27,360,177 | - | (6,029) | - | 27,354,148 | ||
|
27
|
Equity Investment designated at fair value through other comprehensive income | - | 7,181 | - | - | 7,181 | ||
|
28
|
Loans and advances to banks | 5,769,229 | - | - | 5,804,487 | |||
|
29
|
Loans and advances to customers | 22,297,254 | - | 35,258 | - | 21,878,778 | ||
|
30
|
Other assets | 1,841,173 | (7,181) | - | - | 1,833,992 | ||
|
31
|
119,629,949 | - | (440,415) | 547 | 119,190,081 | |||
|
32
|
||||||||
|
33
|
FINANCIAL LIABILITIES | |||||||
|
34
|
Financial guarantee contracts and loan commitments | - | - | (10,087) | - | (10,087) | ||
|
35
|
Impact on retained and earnings and reconciliation of ECL at 1 July 2018 | |||||||
|
36
|
THE BANK |
|||||||
|
37
|
Retained earnings | MUR '000 | ||||||
|
38
|
Additional credit losses | (450,502) | ||||||
|
39
|
Impact of deferred tax | 21,122 | ||||||
|
40
|
Net impact on retained earnings at 1 July 2018 | (429,380) | ||||||
|
41
|
||||||||
|
42
|
Fair value reserve | |||||||
|
43
|
Additional credit loss | 547 | ||||||
|
44
|
||||||||
|
45
|
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: | |||||||
|
46
|
||||||||
|
47
|
Allowance for impairment under IAS 39 as at 30 June | Remeasurement | ECL under IFRS 9 as at 1 July 2018 | |||||
|
48
|
2018 | |||||||
|
49
|
MUR '000 | MUR '000 | MUR '000 | |||||
|
50
|
Loans and receivables and Held to Maturity under IAS 39/ Financial assets at
amortised cost under IFRS 9 (includes cash and cash equivalents, due from banks loans and advances to banks and loans and advances to customers) |
1,273,954 | 439,868 | 1,713,822 | ||||
|
51
|
Available-for-sale debt investment securities under IAS 39/debt financial assets at FVTOCI under IFRS 9 | - | 547 | 547 | ||||
|
52
|
Loan commitments and financial guarantee contracts issued | - | 10,087 | 10,087 | ||||
|
53
|
1,273,954 | 450,502 | 1,724,456 |