An analysis of the movement of the loss allowance is as follows: | THE GROUP | AND | THE BANK | ||
---|---|---|---|---|---|
Allowance for impairment losses | 2021 | 2020 | 2019 | ||
MUR'000 | MUR'000 | MUR'000 | |||
Loss allowance as at 1 July | 7,793 | 8,379 | 6,029 | ||
New financial assets originated | 1,343 | 3,403 | 6,284 | ||
Financial assets that have been repaid | (1,748) | (3,135) | (2,980) | ||
Financial assets that have been derecognised | - | - | (45) | ||
Other movements | 33,816 | (854) | (909) | ||
Loss allowance as at 30 June | 41,204 | 7,793 | 8,379 |