CAPITA FINANCIAL SERVICES INC. (ST. LUCIA BRANCH) Notes to the Financial Statements March 31, 2024 (expressed in Eastern Caribbean dollars) 39 20 Financial Risk Management ...continued Movement in Gross Loans The Branch’s movement across loan and advances portfolio as at March 31, are in the following staging categories: 2024 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Gross carrying amount April 1, 2023 24,793,734 1,829,341 3,200,546 29,823,621 Stage 1 to stage 2 (355,111) 324,960 – (30,151) Stage 1 to stage 3 (52,837) – 52,837 – Stage 2 to stage 1 401,367 (544,905) – (143,538) Stage 2 to stage 3 – (859,192) 820,064 (39,128) Stage 3 to stage 1 4,443 – (14,410) (9,967) Stage 3 to stage 2 – 18,698 (24,944) (6,246) Net loans originated (paid) 1,561,327 (266,703) (515,549) 779,075 Gross carrying amount March 31, 2024 26,352,923 502,199 3,518,544 30,373,666 2023 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Gross carrying amount April 1, 2022 23,851,285 2,433,561 3,105,141 29,389,987 Stage 1 to stage 2 (1,262,013) 1,071,441 – (190,572) Stage 1 to stage 3 (42,064) – 38,664 (3,400) Stage 2 to stage 1 465,001 (685,562) – (220,561) Stage 2 to stage 3 – (664,371) 622,522 (41,849) Stage 3 to stage 1 83,508 – (103,603) (20,095) Stage 3 to stage 2 – 166,889 (203,324) (36,435) Net loans originated (paid) 1,698,017 (492,617) (258,854) 946,546 Gross carrying amount March 31, 2023 24,793,734 1,829,341 3,200,546 29,823,621
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