CITIC Limited Half-Year Report 2020

69 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Notes to the Consolidated Financial Statements 18 Loans and advances to customers and other parties (continued) (b) Assessment method of allowance for impairment losses (continued) As at 31 December 2019 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 3,948,280 110,636 77,902 4,136,818 1.73% Accrued interest 10,513 863 12 11,388 Less: allowance for impairment losses (43,509) (30,234) (60,258) (134,001) Carrying amount of loans and advances at amortised cost 3,915,284 81,265 17,656 4,014,205 Carrying amount of loans and advances at FVOCI 344,630 53 32 344,715 Total carrying amount of loans and advances for which allowance for impairment losses is recognised 4,259,914 81,318 17,688 4,358,920 Allowance for impairment losses of loans and advances at FVOCI (505) – (16) (521) Note: Loans and advances at stage 3 are credit-impaired, details are as follows: As at 30 June 2020 As at 31 December 2019 HK$ million HK$ million Secured portion 54,067 46,686 Unsecured portion 40,678 31,260 Total 94,745 77,946 Allowance for impairment losses (66,302) (60,274) 28,443 17,672 As at 30 June 2020 the maximum exposure covered by fair value of pledge and collateral held against these loans and advances amounted to HK$56,121 million (31 December 2019: HK$48,141 million).