Hi. At end of this year, the ECL allowance balance has decreased compared to last year. Thus there is a reversal of impairment in the PnL. It can be deduced that all the reversal happened in Stages 3. For presentation purposes, can we show a negative ECL balance in stages 3. Is it permissible under IFRS 7 or IFRS 9.
For eg:
Stage 1 - 100
Stage 2 - 50
Stage 3 - (10)
Thanks
IFRS 7 - ECL disclosures
Re: IFRS 7 - ECL disclosures
you mean closing balance (balance sheet) or P&L charge for the year?
Re: IFRS 7 - ECL disclosures
Sorry for the dalay...I mean closing balance in the balance sheet.
Re: IFRS 7 - ECL disclosures
it is unusual to have a closing debit balance in the balance sheet for ECL, but it can happen for purchased or originated credit-impaired assets
is this your case?
so it's OK in my opinion, but I would give a short footnote saying that this concerns purchased/ originated credit-impaired financial assets
is this your case?
so it's OK in my opinion, but I would give a short footnote saying that this concerns purchased/ originated credit-impaired financial assets
Re: IFRS 7 - ECL disclosures
Hi. Yes they are POCI assets.
Thank you very much. You are a star!
Thank you very much. You are a star!