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CITIC LIMITED
Notes to the Consolidated Financial Statements
For the six months ended 30 June 2016
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32 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 2016
As at 31 December 2015
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
3,051,511
94% 1,851,067
2,852,755
94% 1,665,593
Hong Kong and Macau
157,157
5% 63,338
146,504
5%
55,634
Overseas
19,245
1% 13,614
24,825
1%
15,687
3,227,913
100% 1,928,019
3,024,084
100% 1,736,914
(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, or of the inability
of the borrower to meet the original repayment schedule and for which the revised repayment
terms are a concession that the Group would not otherwise consider.
As at 30 June 2016
As at 31 December 2015
Gross balance % of total loans
Gross balance % of total loans
HK$ million and advances
HK$ million and advances
Rescheduled loans and advances
overdue less than 3 months
3,845
0.12%
3,786
0.13%
Rescheduled loans and advances
overdue more than 3 months
6,960
0.22%
6,339
0.21%
10,805
0.34%
10,125
0.34%
(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 2016, the Group did not enter into enforceable master netting arrangements
with counterparties and therefore there were no offsettings of any assets and liabilities in the
consolidated balance sheet (31 December 2015: Nil).