6.2.12 Gross carrying amount
Gross carrying amount
The following table further explains the changes in the gross carrying amount from 1 January to 31 December 2020:
| 2020 | ||||
| Stage 1 | Stage 2 | Stage 3 | ||
| 12-month ECL | Lifetime ECL | Lifetime ECL | Total | |
| AED’000 | AED’000 | AED’000 | AED’000 | |
| Loans and advances | ||||
| Gross carrying amount as at 1 January 2020 | 2,168,117 | 238,206 | 551,816 | 2,958,139 |
| Transfers | ||||
| Transfer from Stage 1 to Stage 2 | (356,550) | 338,313 | – | (18,237) |
| Transfer from Stage 1 to Stage 3 | (52,414) | – | 58,667 | 6,253 |
| Transfer from Stage 2 to Stage 3 | 41,435 | (45,845) | – | (4,410) |
| Transfer from Stage 3 to Stage 2 | – | (32,415) | 33,747 | 1,332 |
| Transfer from Stage 2 to Stage 1 | 199 | – | – | 199 |
| New financial assets originated | – | 6,871 | (12,172) | (5,301) |
| Repayments during the year | 123,831 | 10,173 | 2,855 | 136,859 |
| Other movements | (205,005) | (4,812) | (93,062) | (302,879) |
| Reversal of no longer required impairment charges | (196,848) | 4,648 | (32,350) | (224,550) |
| Gross carrying amount as at 31 December 2020 |
1,522,765 |
515,139 |
509,501 |
2,547,405 |
| Islamic financing and investing activities | ||||
| Gross carrying amount as at 1 January 2020 | 78,208 | 3,401 | 70,223 | 151,832 |
| Transfers | ||||
| Transfer from Stage 1 to Stage 2 | (16,069) | 14,209 | – | (1,860) |
| Transfer from Stage 1 to Stage 3 | – | – | (2) | (2) |
| Transfer from Stage 2 to Stage 3 | 1,381 | (1,802) | – | (421) |
| Transfer from Stage 3 to Stage 2 | – | (134) | 71 | -63 |
| Transfer from Stage 2 to Stage 1 | – | – | – | – |
| New financial assets originated | – | – | – | – |
| Repayments during the year | – | – | – | – |
| Other movements / Write offs | (23,834) | (904) | (3,498) | (28,236) |
| Reversal of no longer required impairment charges | – | – | – | – |
| Gross carrying amount as at 31 December 2020 |
39,686 |
14,770 |
66,794 |
121,250 |
| 2020 | ||||
| Stage 1 | Stage 2 | Stage 3 | ||
| 12-month ECL | Lifetime ECL | Lifetime ECL | Total | |
| Cash and balances with the UAE Central Bank | 39,267 | – | – | 39,267 |
| Due from banks at investment grade | 468,961 | – | – | 468,961 |
| Financial assets measured at amortised cost at investment grade | 3,673 | – | – | 3,673 |
511,901 |
– |
– |
511,901 |
|
There were no transfers between the stages during the year ended 31 December 2020.
| 2020 | |||||||
| Stage 1 | Stage 2 | Stage 3 | |||||
| 12-month ECL | Lifetime ECL | Lifetime ECL | Total | ||||
| AED’000 | AED’000 | AED’000 | AED’000 | ||||
| Off-balance sheet items | |||||||
| Gross carrying amount as at 1 January 2020 |
1,053,826 | 14,795 | 57,383 | 1,126,004 | |||
| Transfers | |||||||
| Transfer from Stage 1 to Stage 2 | (17,387) | 3,184 | – | (14,203) | |||
| Transfer from Stage 2 to Stage 3 | – | – | – | – | |||
| New financial assets originated | 16,267 | – | – | 16,267 | |||
| Repayments during the year | (330,038) | (4,635) | (25,253) | (359,926) | |||
| Gross carrying amount as at 31 December 2020 |
722,668 |
|
13,344 |
|
32,130 |
|
768,142 |
| 2019 | ||||
| Stage 1 | Stage 2 | Stage 3 | ||
| 12-month ECL | Lifetime ECL | Lifetime ECL | Total | |
| AED’000 | AED’000 | AED’000 | AED’000 | |
| Loans and advances | ||||
| Gross carrying amount as at 1 January 2019 | 1,897,909 | 295,023 | 473,312 | 2,666,244 |
| Transfers | ||||
| Transfer from Stage 1 to Stage 2 | (153,343) | 50,393 | – | (102,950) |
| Transfer from Stage 1 to Stage 3 | (188,837) | – | 48,296 | (140,541) |
| Transfer from Stage 2 to Stage 3 | 213,554 | (17,899) | – | 195,655 |
| Transfer from Stage 3 to Stage 2 | – | (79,438) | 22,112 | (57,326) |
| Transfer from Stage 2 to Stage 1 | 4,495 | – | (1,160) | 3,335 |
| New financial assets originated | – | 3,672 | (1,520) | 2,152 |
| Repayments during the year | 895,802 | 21,061 | (3,764) | 913,099 |
| Other movements | (259,090) | (13,369) | 30,858 | (241,601) |
| Reversal of no longer required impairment charges | (346,017) | (21,875) | (1,975) | (369,867) |
| Gross carrying amount as at 31 December 2019 |
2,064,473 |
237,568 |
566,159 |
2,868,200 |
| Islamic financing and investing activities | ||||
| Gross carrying amount as at 1 January 2019 | 131,986 | 5,692 | 64,677 | 202,355 |
| Transfers | ||||
| Transfer from Stage 1 to Stage 2 | (2,751) | 2,751 | ||
| Transfer from Stage 1 to Stage 3 | (3,439) | – | 3,439 | – |
| Transfer from Stage 2 to Stage 3 | – | (3,925) | 3,925 | – |
| Transfer from Stage 3 to Stage 2 | – | 2,600 | (2,600) | – |
| Transfer from Stage 2 to Stage 1 | 496 | -496 | – | – |
| New financial assets originated | ||||
| Repayments during the year | -48,126 | (3,220) | – | (51,346) |
| Other movements / Write offs | – | – | 782 | 782 |
| Reversal of no longer required impairment charges | – | – | – | – |
| Gross carrying amount as at 31 December 2019 |
78,166 |
3,402 |
70,223 |
151,791 |
| 2019 | ||||
| Stage 1 | Stage 2 | Stage 3 | ||
| 12-month ECL | Lifetime ECL | Lifetime ECL | Total | |
| AED’000 | AED’000 | AED’000 | AED’000 | |
| Cash and balances with the UAE Central Bank | 99.528 | 99,528 | ||
| – | – | |||
| Due from banks at investment grade | 416,414 | 416,414 | ||
| – | – | |||
| Financial assets measured at amortised cost at investment grade | – | – | ||
| – | – | |||
– |
515,942 |
|||
515,942 |
– |
|||
There were no transfers between the stages during the year ended 31 December 2019.
| 2019 | ||||
| Stage 1 | Stage 2 | Stage 3 | ||
| 12-month ECL | Lifetime ECL | Lifetime ECL | Total | |
| AED’000 | AED’000 | AED’000 | AED’000 | |
| Off-balance sheet items | ||||
| Gross carrying amount as at 1 January 2019 | 1,467,365 | 13,954 | 58,483 | 1,539,802 |
| Transfers | ||||
| Transfer from Stage 1 to Stage 2 | (7,813) | 6,589 | – | (1,224) |
| Transfer from Stage 2 to Stage 3 | ||||
| New financial assets originated | 3,387 | – | – | 3,387 |
| Repayments during the year | (428,561) | (2,502) | (1,100) | (432,163) |
| Gross carrying amount as at 31 December 2019 |
1,034,378 |
18,041 |
57,383 |
1,109,802 |
