CITIC Limited Half-Year Report 2019

72 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 18 Loans and advances to customers and other parties (continued) (c) Assessment method of allowance for impairment losses (continued) As at 31 December 2018 Stage 1 Stage 2 Stage 3 (note) Total Gross loans and advances at stage 3 as a percentage of gross total loans and advances HK$ million HK$ million HK$ million HK$ million Loans and advances at amortised cost 3,840,531 108,412 75,142 4,024,085 1.81% Accrued interest 9,008 987 21 10,016 Less: allowance for impairment losses (40,174) (26,464) (53,219) (119,857) Carrying amount of loans and advances at amortised cost 3,809,365 82,935 21,944 3,914,244 Carrying amount of loans and advances at FVOCI 110,157 – – 110,157 Total carrying amount of loans and advances 3,919,522 82,935 21,944 4,024,401 Allowance for impairment losses of loans and advances at FVOCI (151) – – (151) Note: Loans and advances at stage 3 are credit-impaired, details are as follows: As at 30 June 2019 As at 31 December 2018 HK$ million HK$ million Secured portion 43,484 43,453 Unsecured portion 37,770 31,689 Total 81,254 75,142 Allowance for impairment losses (57,667) (53,219) As at 30 June 2019, the fair value of pledge and collateral held against these loans and advances amounted to HK$44,417 million (31 December 2018: HK$41,669 million). Notes to the Consolidated Financial Statements