«Тинькофф Банк». Консолидированная финансовая информация (2018 год)

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Adoption of New or Revised Standards and Interpretations (Continued)

Reconciliation of provision for impairment at 31 December 2017 and credit loss allowance at

1 January 2018

The following table reconciles the prior period's closing provision for impairment measured in accordance
with incurred loss model under IAS 39 to the new credit loss allowance measured in accordance with
expected loss model under IFRS 9 at 1 January 2018:

In millions of RR

Measurement

category

Provision for

impairment

under IAS 39

or IAS 37 at

31 December

2017

Effect

Credit loss

allowance

under IFRS 9

at 1 January

2018

IAS 39

IFRS 9

Remeasu-

rement

Reclassi-

fication

Gross up of

ECL and

gross

carrying

amount

Loans and advances to

customers

- Credit card loans

L&R

14,372

8,638

4,339

8,723

36,072

- Instalments

L&R

2,672

1,667

(4,339)

- Cash loans

L&R

337

161

575

- POS loans

L&R

155

304

Credit related commitments:

- Unused limits on credit card

loans

1,723

Total

17,536

12,269

8,869

38,674

Investments in debt

securities

- Corporate bonds

AFS

FVOCI

233

- Russian government bonds

AFS

FVOCI

- Municipal bonds

AFS

FVOCI

Total

292

Adoption of IFRS 9 resulted in an increase of gross carrying amounts of the financial assets as of 1 January
2018 because the gross carrying amounts according to the standard are calculated by discounting the
contractual cash flows in relation to principal and all contractually due interest at the effective interest rate
while previously under IAS 39 the gross carrying amounts were calculated by discounting the contractual
cash flows in relation to principal and expected cash flows in relation to interest at the effective interest rate.

Further information on the measurement of the credit loss allowance under IFRS 9 is disclosed in respective
notes.

Adoption of IFRS 15 (issued on 28 May 2014 and effective for the periods beginning on or after
1 January 2018).

The Group has adopted IFRS 15, Revenue from Contracts with Customers, with the date

of initial application of 1 January 2018, which resulted in recognition of fee and commission income related
to the loans and advances to customers but  which does not form a part of effective interest rate,  on an
accrual basis (not taking  into account expected credit losses)  over the period  in which the services are
rendered as the customer simultaneously receives and consumes the benefits provided  by the Group’s
performance, usually on a straight- line basis or at a point in time when the Group satisfies its performance
obligation. In prior periods some commission income was only recognised at its recoverable amount. The
new standard was applied using the modified retrospective method, with cumulative effect recognised in
retained earnings on 1 January 2018. The standard did not have a material impact on the Group.

The following amended standards became effective for the Group from 1 January 2018, but did not have a
material impact on the Group:

Amendments to IFRS 2, Share-based Payment (issued on 20 June 2016 and effective for annual
periods beginning on or after 1 January 2018).

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Adoption of New or Revised Standards and Interpretations (Continued)

Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts ‒ Amendments to IFRS 4
(issued on 12 September 2016 and effective, depending on the approach, for annual periods
beginning on or after 1 January 2018 for entities that choose to apply temporary exemption option,
or when the entity first applies IFRS 9 for entities that choose to apply the overlay approach).

Annual Improvements to IFRSs 2014-2016 cycle ‒ Amendments to IFRS 1 and IAS 28 (issued on
8 December 2016 and effective for annual periods beginning on or after 1 January 2018).

IFRIC 22 ‒ Foreign Currency Transactions and Advance Consideration (issued on 8 December 2016
and effective for annual periods beginning on or after 1 January 2018).

Transfers of Investment Property ‒ Amendments to IAS 40 (issued on 8 December 2016 and
effective for annual periods beginning on or after 1 January 2018).

Amendments to IFRS 15, Revenue from Contracts with Customers (issued on 12 April 2016 and
effective for annual periods beginning on or after 1 January 2018).

New Accounting Pronouncements

Certain new standards and interpretations have been issued that are mandatory for the annual periods
beginning on or after 1 January 2019 or later, and which the Group has not early adopted.

IFRS 16, Leases (issued on 13 January 2016 and effective for annual periods beginning on or after
1 January 2019).

The new standard sets out the principles for the recognition, measurement, presentation

and disclosure of leases. All leases result in the lessee obtaining the right to use an asset at the start of the
lease and, if lease payments are made over time, also obtaining financing. Accordingly, IFRS 16 eliminates
the  classification  of  leases  as  either  operating  leases  or  finance  leases  as  is  required  by  IAS  17  and,
instead, introduces a single lessee accounting model. Lessees will be required to recognise: (a) assets and
liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value; and
(b)  depreciation  of  lease  assets  separately  from  interest  on  lease  liabilities  in  the  income  statement.
IFRS 16 substantially carries forward the lessor accounting requirements in IAS 17. Accordingly, a lessor
continues to classify its leases as operating leases or finance leases, and to account for those two types of
leases differently. The Group decided that it will apply the standard using the modified retrospective method,
without restatement of comparatives. The Group recognised a right of use asset of RR 1,684 million against
a  corresponding  lease  liability  on  1 January 2019.  A  reconciliation  of  the  operating  lease  commitments
disclosed in Note 36 to this liability is as follows:

In millions of RR

1 January 2019

Total future minimum lease payments for non-cancellable operating leases (Note 36)

829

- Future lease payments that are due in periods after the end of non-cancellable operating

lease period

1,072

- Effect of discounting to present value

(217)

Total lease liabilities

1,684

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

New Accounting Pronouncements (Continued)

IFRIC 23 “Uncertainty over Income Tax Treatments” (issued on 7 June 2017 and effective for annual
periods beginning on or after 1 January 2019).

IAS 12 specifies how to account for current and deferred

tax, but not how to reflect the effects of uncertainty. The interpretation clarifies how to apply the recognition
and measurement requirements in IAS 12 when there is uncertainty over income tax treatments. An entity
should determine whether to consider each uncertain tax treatment separately or together with one or more
other uncertain tax treatments based on which approach better predicts the resolution of the uncertainty.
An entity should assume that a taxation authority will examine amounts it has a right to examine and have
full knowledge of all related information when making those examinations. If an entity concludes it is not
probable that the taxation authority will accept an uncertain tax treatment, the effect of uncertainty will be
reflected in determining the related taxable profit or loss, tax bases, unused tax losses, unused tax credits
or tax rates, by using either the most likely amount or the expected value, depending on which method the
entity expects to better predict the resolution of the uncertainty. An entity will reflect the effect of a change
in facts and circumstances or of new information that affects the judgments or estimates required by the
interpretation as a change in accounting estimate. Examples of changes in facts and circumstances or new
information that can result in the reassessment of a judgment or estimate include, but are not limited to,
examinations or actions by a taxation authority, changes in rules established by a taxation authority or the
expiry of a taxation authority's right to examine or re-examine a tax treatment. The absence of agreement
or disagreement by a taxation authority with a tax treatment, in isolation, is unlikely to constitute a change
in facts and circumstances or new information that affects the judgments and estimates required by the
Interpretation.

The Group is currently assessing the impact of the interpretation on its consolidated financial statements.

IFRS 17 “Insurance Contracts” (issued on 18 May 2017 and effective for annual periods beginning
on or after 1 January 2021)

*. IFRS 17 replaces IFRS 4, which has given companies dispensation to carry

on  accounting  for  insurance  contracts  using  existing  practices.  As  a  consequence,  it  was  difficult  for
investors to compare and  contrast the financial performance of  otherwise similar insurance companies.
IFRS  17  is  a  single  principle-based  standard  to  account  for  all  types  of  insurance  contracts,  including
reinsurance contracts that an insurer holds. The standard requires recognition and measurement of groups
of insurance contracts at: (i) a risk-adjusted present value of the future cash flows (the fulfilment cash flows)
that incorporates all of the available information about the fulfilment cash flows in a way that is consistent
with observable market information; plus (if this value is a liability) or minus (if this value is an asset) (ii) an
amount representing the unearned profit in the group of contracts (the contractual service margin). Insurers
will be recognising the profit from a group of insurance contracts over the period they provide insurance
coverage, and as they are released from risk. If a group of contracts is or becomes loss-making, an entity
will recognise the loss immediately.

The Group is currently assessing the impact of the above standards on its consolidated financial
statements.

The following other new pronouncements are not expected to have any material impact on the Group when
adopted:

(a)

Long-term Interests in Associates and Joint Ventures – Amendments to IAS 28 (issued on
12 October 2017 and effective for annual periods beginning on or after 1 January 2019)*.

(b)

Annual Improvements to IFRSs 2015-2017 cycle ‒ amendments to IFRS 3, IFRS 11, IAS 12 and IAS
23 (issued on 12 December 2017 and effective for annual periods beginning on or after 1 January
2019)*.

(c)

Plan Amendment, Curtailment or Settlement ‒ Amendments to IAS 19 (issued on 7 February 2018
and effective for annual periods beginning on or after 1 January 2019)*.

(d)

Prepayment Features with Negative Compensation – Amendments to IFRS 9 (issued on 12 October
2017 and effective for annual periods beginning on or after 1 January 2019).

(e)

Amendments to References to the Conceptual Framework in IFRS Standards (issued on 29 March
2018 and effective for annual periods beginning on or after 1 January 2020)*.

(f)

Amendments to IAS 1 and IAS 8: Definition of Material (issued on 31 October 2018 and effective for
annual periods beginning on or after 1 January 2020)*.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

New Accounting Pronouncements (Continued)

(g)

Amendment to IFRS 3 Business Combinations (issued on 22 October 2018 and effective for annual
periods beginning on or after 1 January 2020)*.

* Denotes standards, interpretations and amendments which have not yet been endorsed by the European
Union.

Cash and Cash Equivalents

In millions of RR

31 December

2018

31 December

2017

Cash on hand

5,839

2,941

Cash balances with the CBRF (other than mandatory reserve deposits)

11,158

11,201

Placements with other banks with original maturities of less than three months:

- AA- to AA+ rated

1,130

856

- A- to A+ rated

761

377

- BBB- to BBB+ rated

13,454

7,051

- BB- to BB+ rated

360

867

- B- to B+ rated

114

351

Non-bank credit organizations

986

206

Total Cash and Cash Equivalents

33,802

23,850

Cash on hand includes cash balances in ATMs and cash balances in transit. Placements with other banks
with original maturities of less than three months include placements under reverse sale and repurchase
agreements in the amount of RR 11,147 million as at 31 December 2018 (31 December 2017:
RR 6,607 million). The Group has a right to sell or repledge securities received under reverse sale and
repurchase agreements.

The table below discloses the credit quality of cash and cash equivalents balances based on credit risk
grades at 31 December 2018. Refer to Note 34 for the description of the Group’s credit risk grading system.
The carrying amount of cash and cash equivalents at 31 December 2018 below also represents the Group's
maximum exposure to credit risk on these assets:

In millions of RR

Cash balances

with the CBRF

Placements with

other banks and

non-bank credit

organizations

Total

Current

11,158

16,664

27,822

Monitor

Sub-standard

107

Total cash and cash equivalents, excluding cash on hand

11,158

16,805

27,963

For the purpose of ECL measurement cash and cash equivalents balances are included in Stage 1. The
ECL for these balances represents an immaterial amount, therefore the Group did not recognise any credit
loss  allowance  for  cash  and  cash  equivalents.  Except  for  reverse  sale  and  repurchase  agreements,
amounts of cash and cash equivalents are not collateralised. As at 31 December 2018 the fair value of
collateral under reverse sale and repurchase agreements was RR 12,389 (31 December 2017: RR 7,304).
There is no material impact of collateral on credit loss allowance for cash and cash equivalents.  Refer to
Note 34 for the ECL measurement approach.

Cash and cash equivalents are neither impaired nor past due as at 31 December 2017. Refer to Note 39
for the disclosure of the fair value of cash and cash equivalents. Interest rate, maturity and geographical
risk concentration analysis of cash and cash equivalents are disclosed in Note 34.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Due from Banks

In millions of RR

31 December

2018

31 December

2017

Placements with other banks with original maturities of more than three months:

- BBB- rated

210

255

- BB- to BB+ rated

128

121

- B- to B+ rated

438

401

Total due from other banks

776

777

The table below discloses the credit quality of due from banks balances based on credit risk grades at
31 December 2018. Refer to Note 34 for the description of credit risk grading system used by the Group.
The carrying amount of due from banks at 31 December 2018 below also represents the Group's maximum
exposure to credit risk on these assets:

In millions of RR

31 December 2018

Current

338

Monitor

438

Total due from other banks

776

For the purpose of ECL measurement due from banks balances are included in Stage 1. The ECL for these
balances represents an immaterial amount, therefore the Group did not create any credit loss allowance
for due from banks. Refer to Note 34 for the ECL measurement approach.

Due from banks are neither impaired nor past due as at 31 December 2017. Refer to Note 39 for the
disclosure of the fair value of due from banks. Interest rate, maturity and geographical risk concentration
analysis are disclosed in Note 34.

Loans and Advances to Customers

31 December 2018

31 December 2017

In millions of RR

Gross

carrying

amount

Credit loss

allowance

Carrying

amount

Gross

carrying

amount

Provision

for loan

impairment

Carrying

amount

Credit card loans

178,396

(33,296)

145,100

146,097

(17,044)

129,053

Cash loans

35,194

(2,331)

32,863

7,000

(337)

6,663

POS loans

15,275

(460)

14,815

4,684

(155)

4,529

Car loans

2,838

(85)

2,753

Secured loans

2,644

(16)

2,628

Loans to SME

363

(33)

330

Total loans and advances to

customers at AC

234,710

(36,221)

198,489

157,781

(17,536)

140,245

Credit cards are issued to customers for cash withdrawals or payment for goods or services, within the
range of limits established by the Bank. These limits may be increased or decreased from time-to-time
based on management decision. Credit card loans are not collateralized.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Loans and Advances to Customers (Continued)

The following tables disclose the changes in the credit loss allowance and gross carrying amount for loans
and advances to customers for the year ended 31 December 2018:

Credit loss allowance

Gross carrying amount

In millions of RR

Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit im-

paired)

Total Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit im-

paired)

Total

Credit card loans

At 1 January 2018

9,064

5,319

21,689

36,072 121,988

6,958

25,874 154,820

Movements with impact on

credit loss allowance charge
for the year

New originated or purchased

2,884

2,884 34,791

- 34,791

Transfers:

- to lifetime (from Stage 1 to

Stage 2)

(1,647)

4,319

2,672

(6,465)

6,465

- to credit-impaired (from

Stage 1 and Stage 2 to
Stage 3)

(3,063)

(4,636) 16,804

9,105 (13,933)

(5,569) 19,502

- recovered (from Stage 3 to

Stage 2 and from Stage 2 to
Stage 1)

295

(930)

(29)

(664)

1,216

(1,184)

(32)

Movements other than transfers

and new originated or
purchased loans

1,733

636

(3,502)

(1,133)

8,135

(16)

(3,665)

4,454

Total movements with impact

on credit loss allowance
charge for the year

202

(611) 13,273 12,864 23,744

(304) 15,805 39,245

Movements without impact on

credit loss allowance charge
for the year

Unwinding of discount (for

Stage 3)

3,098

Write-offs

- (16,899) (16,899)

Sales

(395)

(424)

Modification of original cash

flows without derecognition

(1,444)

At 31 December 2018

9,266

4,708 19,322 33,296 145,732

6,654 26,010 178,396

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Loans and Advances to Customers (Continued)

Credit loss allowance

Gross carrying amount

In millions of RR

Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit im-

paired)

Total Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit im-

paired)

Total

Cash loans

At 1 January 2018

268

151

156

575

6,478

438

161

7,077

Movements with impact on

credit loss allowance charge
for the year

New originated or purchased

loans

1,255

1,255 32,010

- 32,010

Transfers:

- to lifetime (from Stage 1 to

Stage 2)

(162)

968

806

(1,953)

1,953

- to credit-impaired (from

Stage 1 and Stage 2 to
Stage 3)

(147)

(129)

673

397

(549)

(156)

705

- recovered (from Stage 3 to

Stage 2 and from Stage 2 to
Stage 1)

(23)

(19)

(96)

Movements other than transfers

and new originated or
purchased loans

(102)

(422)

154

(370)

(3,431)

(363)

214

(3,580)

Total movements with impact

on credit loss allowance
charge for the year

848

394

827

2,069 26,173

1,338

919 28,430

Movements without impact on

credit loss allowance charge
for the year

Unwinding of discount (for

Stage 3)

Write-offs

(256)

Sales

(19)

Modification of original cash

flows without derecognition

(81)

At 31 December 2018

1,116

545

670

2,331 32,651

1,776

767 35,194

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Loans and Advances to Customers (Continued)

Credit loss allowance

Gross carrying amount

In millions of RR

Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit im-

paired)

Total Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit im-

paired)

Total

POS loans

At 1 January 2018

133

125

304

4,462

162

129

4,753

Movements with impact on

credit loss allowance charge
for the year

New originated or purchased

217

217 14,620

- 14,620

Transfers:

- to lifetime (from Stage 1 to

Stage 2)

(30)

236

206

(710)

710

- to credit-impaired (from

Stage 1 and Stage 2 to
Stage 3)

(31)

(41)

196

124

(151)

(56)

207

- recovered (from Stage 3 to

Stage 2 and from Stage 2 to
Stage 1)

(4)

(3)

(28)

Movements other than transfers

and new originated or
purchased loans

(100)

(156)

(239)

(3,689)

(283)

(3,949)

Total movements with impact

on credit loss allowance
charge for the year

213

305 10,098

343

230 10,671

Movements without impact on

credit loss allowance charge
for the year

Unwinding of discount (for

Stage 3)

Write-offs

(151)

Sales

(11)

Modification of original cash

flows without derecognition

(8)

At 31 December 2018

190

189

460 14,560

505

210 15,275

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Loans and Advances to Customers (Continued)

Credit loss allowance

Gross carrying amount

In millions of RR

Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit im-

paired)

Total Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit im-

paired)

Total

Car loans

At 1 January 2018

Movements with impact on

credit loss allowance charge
for the year

New originated or purchased

2,839

Transfers:

- to lifetime (from Stage 1 to

Stage 2)

(7)

(80)

- to credit-impaired (from

Stage 1 and Stage 2 to
Stage 3)

(1)

(6)

Movements other than transfers

and new originated or
purchased loans

(6)

(2)

(1)

Total movements with impact

on credit loss allowance
charge for the year

2,754

2,838

At 31 December 2018

2,754

2,838

Secured loans

At 1 January 2018

Movements with impact on

credit loss allowance charge
for the year

New originated or purchased

2,644

Transfers:

- to lifetime (from Stage 1 to

Stage 2)

(3)

Total movements with impact

on credit loss allowance
charge for the year

2,641

2,644

At 31 December 2018

2,641

2,644

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Loans and Advances to Customers (Continued)

Credit loss allowance

Gross carrying amount

In millions of RR

Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit im-

paired)

Total Stage 1

(12-

months

ECL)

Stage 2

(lifetime

ECL for

SICR)

Stage 3

(lifetime

ECL for

credit im-

paired)

Total

Loans to SME

At 1 January 2018

Movements with impact on

credit loss allowance charge
for the year

New originated or purchased

155

Transfers:

- to lifetime (from Stage 1 to

Stage 2)

(3)

(25)

- to credit-impaired (from

Stage 1 and Stage 2 to
Stage 3)

(10)

Movements other than transfers

and new originated or
purchased loans

(1)

212

(4)

208

Total movements with impact

on credit loss allowance
charge for the year

332

363

At 31 December 2018

332

363

The credit loss allowance charge during the year ended 31 December 2018 presented in the tables above
differs from the amount presented in the consolidated statement of profit or loss and other comprehensive
income for the year due to RR 4,083 million recovery of amounts previously written-off as uncollectible, and
due to RR 318 million charge of ECL for credit related commitments.

The amount of the recovery received during the year was credited directly to the credit loss allowance line
in the consolidated statement of profit or loss and other comprehensive income.

The amount of the ECL for credit related commitments is accounted separately from ECL for credit cards
loans and is included in other financial liabilities in the consolidated statement of financial position.

Movements in the provision for loan impairment for the year ended 31 December 2017 are as follows:

In millions of RR

As at

31 December

2016

Sales of

impaired loans

Amounts

written-off

during the year

Provision for

impairment

during the year

As at

31 December

2017

Loans to individuals:

Credit card loans

16,976

(431)

(8,966)

9,465

17,044

Cash loans

429

(7)

(108)

337

POS loans

118

(25)

(55)

117

155

Total provision

for loan impairment

17,523

(463)

(9,129)

9,605

17,536

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Loans and Advances to Customers (Continued)

The provision for impairment during the year ended 31 December 2017 presented in the tables above
differs from the amount presented in the consolidated statement of profit or loss and other comprehensive
income for the year due to RR 1,991 million, recovery of amounts previously written-off as uncollectible.
The amount of the recovery received during the year was credited directly to the provisions line in the
consolidated statement of profit or loss and other comprehensive income.

During the year ended 31 December 2018 the Group sold credit-impaired loans to third parties (external
debt collection agencies) with a gross amount of RR 454 million (2017: RR 500 million) and credit loss
allowance of RR 425 million (2017: provision for impairment RR 463 million). The difference between the
carrying amount of these loans and the consideration received was recognised as losses in the amount of
RR 7 million within credit loss allowance for loans and advances to customers for the year ended 31
December 2018 (2017: as a gain in the amount of RR 26 million).

Presented below is an analysis of issued, activated and utilised cards based on their credit card limits as
at the end of the year:

In units

31 December

2018

31 December

2017

Credit card limits
Up to 20 RR thousand

651,290

631,207

20-40 RR thousand

443,659

458,058

40-60 RR thousand

423,030

394,543

60-80 RR thousand

427,986

361,117

80-100 RR thousand

361,803

293,372

100-120 RR thousand

285,574

252,135

120-140 RR thousand

341,017

377,207

140-200 RR thousand

402,002

155,902

More than 200 RR thousand

109,482

61,761

Total cards

3,445,843

2,985,302

Table above only includes credit cards less than 180 days overdue.

Description of collateral held for loans to individuals carried at amortised cost is as follows at 31 December
2018:

In millions of RR

Secured loans

Car loans

Total

Loans collateralised by:

- residential real estate

2,449

- cars

189

2,095

2,284

Total

2,638

2,095

4,733

Unsecured exposures

743

749

Total gross carrying amount (representing exposure to

credit risk for each class of loans at AC)

2,644

2,838

5,482

The disclosure above represents the lower of the carrying value of the loan or collateral taken; the remaining
part is disclosed within the unsecured exposures which arise mainly due to application of a discount in
determining the carrying value of collateral. The carrying value of loans was allocated based on liquidity of
the assets taken as collateral.

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Loans and Advances to Customers (Continued)

The extent to which collateral and other credit enhancements mitigate credit risk for financial assets carried
at amortised cost that are credit impaired, is presented by disclosing collateral values separately for (i) those
assets where collateral and other credit enhancements are equal to or exceed carrying value of the asset
(“over-collateralised assets”) and (ii) those assets where collateral and other credit enhancements are less
than the carrying value of the asset (“under-collateralised assets”). The effect of collateral on credit impaired
assets at 31 December 2018 is as follows.

Over-collateralised assets

Under-collateralised assets

In millions of RR

Carrying value

of the assets

Value of

collateral

Carrying value

of the assets

Value of

collateral

Credit impaired assets:

Secured loans

Car loans

The values of collateral considered in this disclosure are after a valuation haircut of 20% for residential real
estate and 30% for cars

applied to consider liquidity and quality of the pledged assets.

The following table contains an analysis of the credit risk exposure of loans and advances to customers
measured at AC and for which an ECL allowance is recognised. The carrying amount of loans and
advances to customers below also represents the Group's maximum exposure to credit risk on these loans.

Loans to individuals at 31 December 2018 are disclosed as follows:

In millions of RR

Stage 1

(12-months ECL)

Stage 2

(lifetime ECL for

SICR)

Stage 3

(lifetime ECL for

credit im-paired)

Total

Credit card loans

- Current

138,466

974

139,440

- Monitor

7,266

2,212

9,478

- Sub-standard

3,468

4,774

8,242

- NPL

21,236

Gross carrying amount

145,732

6,654

26,010

178,396

Credit loss allowance

(9,266)

(4,708)

(19,322)

(33,296)

Carrying amount

136,466

1,946

6,688

145,100

Cash loans

- Current

32,504

1,274

33,778

- Monitor

147

207

354

- Sub-standard

295

367

- NPL

695

Gross carrying amount

32,651

1,776

767

35,194

Credit loss allowance

(1,116)

(545)

(670)

(2,331)

Carrying amount

31,535

1,231

32,863

TCS Group Holding PLC
Notes to the Consolidated Financial Statements – 31 December 2018

Loans and Advances to Customers (Continued)

In millions of RR

Stage 1

(12-months ECL)

Stage 2

(lifetime ECL for

SICR)

Stage 3

(lifetime ECL for

credit im-paired)

Total

POS loans

- Current

14,499

385

14,884

- Monitor

121

- Sub-standard

- NPL

204

Gross carrying amount

14,560

505

210

15,275

Credit loss allowance

(190)

(81)

(189)

(460)

Carrying amount

14,370

424

14,815

Car loans

- Current

2,742

2,784

- Monitor

- Sub-standard

- NPL

Gross carrying amount

2,754

2,838

Credit loss allowance

(56)

(25)

(4)

(85)

Carrying amount

2,698

2,753

Secured loans

- Current

2,638

2,639

- Monitor

Gross carrying amount

2,641

2,644

Credit loss allowance

(15)

(1)

(16)

Carrying amount

2,626

2,628

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«Тинькофф Банк». Консолидированная финансовая информация (2018 год) - часть 4