This category generally applies to interest bearing

This category generally applies to interest-bearing loans and borrowings.
Derecognition. A financial liability is derecognized when the obligation under
the liability is discharged or cancelled, or expires. When an existing financial
liability is replaced by another from the same lender on substantially different
terms, or the terms of an existing liability are substantially modified, such an
exchange or modification is treated as a derecognition of the original liability
and the recognition of a new liability, and the difference in the respective
carrying amounts is recognized in profit or loss.
Impairment of Financial Assets
The Group uses the expected credit losses model ("ECL") which is applied to all
financial assets measured at amortized cost. The ECL is a 'three stage' approach
which is based on the change in credit quality of financial assets since initial
recognition. Assets move through the three stages as credit quality changes and the
stages dictate how an entity measures impairment losses. Stage 1 includes financial
instruments that have not had a significant increase in credit risk since initial
recognition or which have low credit risk at the reporting date. For these items, 12-
month ECL are recognized. The 12-months ECL are the expected credit losses that
result from default events that are possible within 12 months after the reporting date.
Stage 2 includes financial instruments that have had a significant increase in credit
risk since initial recognition (unless they have low credit risk at the reporting date) but
are not credit impaired. For these items, lifetime expected credit losses are
recognized which is the weighted average credit losses with the probability of default
as the weight. Stage 3 includes financial assets that are credit impaired at the
reporting date. For these items, lifetime expected credit losses are recognized. No
impairment loss is recognized on equity investments.
A financial asset is credit impaired when one or more events that have a detrimental
impact on the estimated future cash flows of the financial asset have occurred.
When determining whether the risk of default on a financial instrument has increased
significantly since initial recognition, the Group considers reasonable and
supportable information that is relevant and available without undue cost or effort.
This includes both quantitative and qualitative information and analysis, based on the
Group's historical experience, credit assessment and including forward-looking
information.
The information analyzed by the Group includes the following, among others:
■ actual and expected significant changes in the political, regulatory and
technological environment of the debtor or in its business activities.