CITIC Limited Half-Year Report 2019

104 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 29 Financial risk management and fair values (continued) (a) Credit risk (continued) (ii) Expected credit losses (continued) Notes: (i) Net increase/(decrease) mainly includes changes in carrying amount due to new purchased or originated credit-impaired financial assets or de-recognition excepting for write-off. (ii) Others includes changes in interest accrual and exchange adjustment. Movements of the loss allowances for loans and advances to customers and other parties for the period is as follows: Six months ended 30 June 2019 Stage 1 Stage 2 Stage 3 Total HK$ million HK$ million HK$ million HK$ million Balance at 1 January 2019 40,325 26,464 53,219 120,008 Movements (note (i)): Net transfers out from stage 1 (4,650) – – (4,650) Net transfers into stage 2 – 1,362 – 1,362 Net transfers into stage 3 – – 31,462 31,462 Net increase/(decrease) during the period (note (ii)) 4,600 (2,769) (4,019) (2,188) Write offs – – (32,039) (32,039) Parameters change for the period (note (iii)) 3,829 2,464 6,671 12,964 Others (note (iv)) (225) (110) 2,373 2,038 Balance at 30 June 2019 43,879 27,411 57,667 128,957 Notes to the Consolidated Financial Statements