CAPITA FINANCIAL SERVICES INC. (ST. LUCIA BRANCH) Notes to the Financial Statements March 31, 2024 (expressed in Eastern Caribbean dollars) 44 20 Financial Risk Management ...continued Amounts arising from Expected Credit Losses (ECL) ...continued Loss allowance The following table shows reconciliations from the opening to the closing balance of the loss allowance by class of financial instrument. The movement across ECL stages at March 31 were as follows: 2024 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Expected credit loss allowance Opening balance 105,582 83,065 495,599 684,246 Stage 1 to stage 2 (1,512) 1,384 – (128) Stage 1 to stage 3 (225) – 225 – Stage 2 to stage 1 18,225 (24,743) – (6,518) Stage 2 to stage 3 – (39,013) 37,237 (1,776) Stage 3 to stage 1 688 – (2,231) (1,543) Stage 3 to stage 2 – 2,895 (3,863) (968) Net remeasurement of loss allowance (28,836) 1,888 (37,288) (64,236) Ending balance 93,922 25,476 489,679 609,077 2023 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Expected credit loss allowance Opening balance 95,808 91,028 510,954 697,790 Stage 1 to stage 2 (5,069) 4,304 – (765) Stage 1 to stage 3 (169) – – (169) Stage 2 to stage 1 17,394 (25,644) – (8,250) Stage 2 to stage 3 – (24,851) 23,286 (1,565) Stage 3 to stage 1 13,741 – (17,048) (3,307) Stage 3 to stage 2 – 27,462 (33,457) (5,995) Net remeasurement of loss allowance (16,123) 10,766 11,864 6,507 Ending balance 105,582 83,065 495,599 684,246
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