CITIC Limited Half-Year Report 2019

107 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) (iv) Loans and advances to customers and other parties analysed by geographical sector: As at 30 June 2019 As at 31 December 2018 Gross balance Loans and advances secured by collateral Gross balance Loans and advances secured by collateral HK$ million % HK$ million HK$ million % HK$ million Mainland China 4,177,432 94% 2,398,882 3,926,180 94% 2,286,150 Hong Kong, Macau and Taiwan 187,697 4% 77,888 200,088 4% 75,465 Overseas 14,017 1% 8,350 7,974 1% 4,358 4,379,146 99% 2,485,120 4,134,242 99% 2,365,973 Accrued interest 10,337 1% – 10,016 1% – 4,389,483 100% 2,485,120 4,144,258 100% 2,365,973 (v) Rescheduled loans and advances to customers and other parties Rescheduled loans and advances are those loans and advances which have been restructured or renegotiated because of deterioration in the financial position of the borrower/debtor, or of the inability of the borrower/debtor to meet the original repayment schedule and for which the revised repayment terms are a concession that the Group would not otherwise consider. 30 June 2019 31 December 2018 Gross balance % of total loans and advances Gross balance % of total loans and advances HK$ million HK$ million HK$ million HK$ million Rescheduled loans and advances 23,945 0.55% 24,638 0.59% – Rescheduled loans and advances  overdue more than 3 months 18,428 0.42% 21,397 0.52% (vi) Offsetting Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously. As at 30 June 2019, the Group did not enter into significant enforceable master netting arrangements with counterparties and therefore there were no significant offsettings of any assets and liabilities in the consolidated balance sheet (31 December 2018: Nil). Notes to the Consolidated Financial Statements