A B C D E F
1
 (c) DEBT INSTRUMENTS MEASURED AT AMORTISED COST
2
 THE GROUP AND THE BANK
3
 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000
5
 Government of Mauritius treasury bills and bonds 7,291,728 6,116,458 4,451,232
6
 Bank of Mauritius bonds and notes 5,056,172 2,246,969 2,550,818
7
 Corporate debt securities and bonds 1,792,723 812,251 1,130,682
8
 Foreign Securities treasury bills and bonds 22,751,899 18,184,499 13,057,690
9
 36,892,522 27,360,177 21,190,422
10
 Less: allowance for impairment losses (8,379) - -
11
 36,884,143 27,360,177 21,190,422
12
13
 The 2018 and 2017 comparative figures were presented as financial assets held to maturity under the previous standard.
14
 The table below shows the credit quality and the maximum exposure to credit risk based on the Bank's internal credit rating system and year-end stage classification. The balances were
classified in stage 1 and 12-month ECL was calculated hereon. The amounts presented are gross of impairment allowances.
15
16
 External rating grade The Group and the Bank
17
 Stage 1
18
 MUR'000
19
 Performing:
20
 Credit rating AAA 28,837,100
21
 Credit rating AA+ to AA 3,846,157
22
 Credit rating A+ to A- 2,416,542
23
 Credit rating BB+ to BB- 1,792,723
24
 Total gross carrying amount 36,892,522
25
 Loss allowance (8,379)
26
 Carrying amount at 30 June 2019 36,884,143
27
 An analysis of changes in the gross carrying amount and the corresponding ECLs is, as follows:
28
 Stage 1
29
 Gross carrying amount 12-months ECL
30
 MUR'000
31
 Gross carrying amount at 01 July 2018 27,360,177
32
 New financial assets originated 25,605,260
33
 Financial assets that have been repaid (16,047,518)
34
 Financial assets that have been derecognised (89,762)
35
 Other movements 64,365
36
 Gross carrying amount at 30 June 2019 36,892,522
37
 An analysis of the movement of the loss allowance is as follows:
38
 Stage 1
39
 Allowance for impairment losses 12-months ECL
40
 Loss allowance at 01 July 2018 MUR'000
41
 Effect of adopting IFRS 9 6,029
42
 Loss allowance as at 01 July 2018 (as restated) 6,029
43
 New financial assets originated 6,284
44
 Financial assets that have been repaid (2,980)
45
 Financial assets that have been derecognised (45)
46
 Other movements (909)
47
 Loss allowance as at 30 June 2019 8,379
48
49
 (d) EQUITY INVESTMENTS DESIGNATED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
50
 At 01 July 2018, the Group and the Bank designated certain investments as equity securities at FVTOCI.
51
52
 In prior years, these investments were classified as available for sale investment and measured at cost. The FVTOCI were made as the investments are expected to be held for the long
term for strategic purposes. There was no disposal during the year. No dividend income was recognised on these investments during the year under review (2018 and 2017 : Nil).
53
54
 THE GROUP THE BANK
55
 2019 2019 2018 2017
56
 Equities securities: MUR'000 MUR'000 MUR'000 MUR'000
57
 At 01 July 18,559 - - - -
58
 Reclassification from other assets 7,181 7,181 - - -
59
 Fair value movement
6,205 1,122 - -
60
 At 30 June 31,945 8,303 - -
A B C D E F
1
 (c) DEBT INSTRUMENTS MEASURED AT AMORTISED COST
2
 THE GROUP AND THE BANK
3
 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000
5
 Government of Mauritius treasury bills and bonds 7,291,728 6,116,458 4,451,232
6
 Bank of Mauritius bonds and notes 5,056,172 2,246,969 2,550,818
7
 Corporate debt securities and bonds 1,792,723 812,251 1,130,682
8
 Foreign Securities treasury bills and bonds 22,751,899 18,184,499 13,057,690
9
 36,892,522 27,360,177 21,190,422
10
 Less: allowance for impairment losses (8,379) - -
11
 36,884,143 27,360,177 21,190,422
12
13
 The 2018 and 2017 comparative figures were presented as financial assets held to maturity under the previous standard.
14
 The table below shows the credit quality and the maximum exposure to credit risk based on the Bank's internal credit rating system and year-end stage classification. The balances were
classified in stage 1 and 12-month ECL was calculated hereon. The amounts presented are gross of impairment allowances.
15
16
 External rating grade The Group and the Bank
17
 Stage 1
18
 MUR'000
19
 Performing:
20
 Credit rating AAA 28,837,100
21
 Credit rating AA+ to AA 3,846,157
22
 Credit rating A+ to A- 2,416,542
23
 Credit rating BB+ to BB- 1,792,723
24
 Total gross carrying amount 36,892,522
25
 Loss allowance (8,379)
26
 Carrying amount at 30 June 2019 36,884,143
27
 An analysis of changes in the gross carrying amount and the corresponding ECLs is, as follows:
28
 Stage 1
29
 Gross carrying amount
12-months ECL
30
 MUR'000
31
 Gross carrying amount at 01 July 2018 27,360,177
32
 New financial assets originated 25,605,260
33
 Financial assets that have been repaid (16,047,518)
34
 Financial assets that have been derecognised (89,762)
35
 Other movements 64,365
36
 Gross carrying amount at 30 June 2019 36,892,522
37
 An analysis of the movement of the loss allowance is as follows:
38
 Stage 1
39
 Allowance for impairment losses
12-months ECL
40
 Loss allowance at 01 July 2018 MUR'000
41
 Effect of adopting IFRS 9 6,029
42
 Loss allowance as at 01 July 2018 (as restated) 6,029
43
 New financial assets originated 6,284
44
 Financial assets that have been repaid (2,980)
45
 Financial assets that have been derecognised (45)
46
 Other movements (909)
47
 Loss allowance as at 30 June 2019 8,379
48
49
 (d) EQUITY INVESTMENTS DESIGNATED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
50
 At 01 July 2018, the Group and the Bank designated certain investments as equity securities at FVTOCI.
51
52
 In prior years, these investments were classified as available for sale investment and measured at cost. The FVTOCI were made as the investments are expected to be held for the long
term for strategic purposes. There was no disposal during the year. No dividend income was recognised on these investments during the year under review (2018 and 2017 : Nil).
53
54
 THE GROUP THE BANK
55
 2019 2019 2018 2017
56
 Equities securities: MUR'000 MUR'000 MUR'000 MUR'000
57
 At 01 July 18,559 - - - -
58
 Reclassification from other assets 7,181 7,181 - - -
59
 Fair value movement
6,205 1,122 - -
60
 At 30 June 31,945 8,303 - -
A B C D E F
1
2
 THE GROUP AND THE BANK
3
 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000
5
 Government of Mauritius treasury bills and bonds 7,291,728 6,116,458 4,451,232
6
 Bank of Mauritius bonds and notes 5,056,172 2,246,969 2,550,818
7
 Corporate debt securities and bonds 1,792,723 812,251 1,130,682
8
 Foreign Securities treasury bills and bonds 22,751,899 18,184,499 13,057,690
9
 36,892,522 27,360,177 21,190,422
10
 Less: allowance for impairment losses (8,379) - -
11
 36,884,143 27,360,177 21,190,422
12
13
 The 2018 and 2017 comparative figures were presented as financial assets held to maturity under the previous standard.
14
 The table below shows the credit quality and the maximum exposure to credit risk based on the Bank's internal credit rating system and year-end stage classification. The balances were
classified in stage 1 and 12-month ECL was calculated hereon. The amounts presented are gross of impairment allowances.
15
16
 External rating grade The Group and the Bank
17
 Stage 1
18
 MUR'000
19
 Performing:
20
 Credit rating AAA 28,837,100
21
 Credit rating AA+ to AA 3,846,157
22
 Credit rating A+ to A- 2,416,542
23
 Credit rating BB+ to BB- 1,792,723
24
 Total gross carrying amount 36,892,522
25
 Loss allowance (8,379)
26
 Carrying amount at 30 June 2019 36,884,143
27
 An analysis of changes in the gross carrying amount and the corresponding ECLs is, as follows:
28
 Stage 1
29
 Gross carrying amount
12-months ECL
30
 MUR'000
31
 Gross carrying amount at 01 July 2018 27,360,177
32
 New financial assets originated 25,605,260
33
 Financial assets that have been repaid (16,047,518)
34
 Financial assets that have been derecognised (89,762)
35
 Other movements 64,365
36
 Gross carrying amount at 30 June 2019 36,892,522
37
 An analysis of the movement of the loss allowance is as follows:
38
 Stage 1
39
 Allowance for impairment losses
12-months ECL
40
 Loss allowance at 01 July 2018 MUR'000
41
 Effect of adopting IFRS 9 6,029
42
 Loss allowance as at 01 July 2018 (as restated) 6,029
43
 New financial assets originated 6,284
44
 Financial assets that have been repaid (2,980)
45
 Financial assets that have been derecognised (45)
46
 Other movements (909)
47
 Loss allowance as at 30 June 2019 8,379
48
49
 (d) EQUITY INVESTMENTS DESIGNATED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
50
 At 01 July 2018, the Group and the Bank designated certain investments as equity securities at FVTOCI.
51
52
 In prior years, these investments were classified as available for sale investment and measured at cost. The FVTOCI were made as the investments are expected to be held for the long
term for strategic purposes. There was no disposal during the year. No dividend income was recognised on these investments during the year under review (2018 and 2017 : Nil).
53
54
 THE GROUP THE BANK
55
 2019 2019 2018 2017
56
 Equities securities: MUR'000 MUR'000 MUR'000 MUR'000
57
 At 01 July 18,559 - - - -
58
 Reclassification from other assets 7,181 7,181 - - -
59
 Fair value movement
6,205 1,122 - -
60
 At 30 June 31,945 8,303 - -