CAPITA FINANCIAL SERVICES INC. (ST. LUCIA BRANCH) Notes to the Financial Statements March 31, 2024 (expressed in Eastern Caribbean dollars) 45 20 Financial Risk Management ...continued Loans and advances renegotiated Restructuring activities include extended payment arrangements, approved external management plans and modification of payments. Following the customers consistent payments on the restructured facility for at least one year, customer account is reset to a normal status and managed together with other similar accounts. Restructuring policies and practices are based on indicators or criteria which, in the judgment of local management, indicate that payment will most likely continue. These policies are kept under continuous review. Renegotiated loans that would otherwise be past due or impaired totalled $Nil at March 31, 2024 (2023 - $147,497). Repossessed collateral The Branch did not repossess any collateral held as security during financial year ending March 31, 2024 the amount repossessed in 2023 - $63,687.
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