Page 129 - ACCESS ANNUAL REPORT 2019

NOTES (continued)
A a o nts are in tho sands o hana edis n ess otherwise stated
Collectively assessed impairment allowances covered credit losses inherent in port olios o credits with similar economic characteristics when there was o ective evidence to su est that they contain impaired credits, and to determine the re uired input parameters, ased on historical experience and current economic conditions. he accuracy o the allowances depends on how well these estimated uture cash ows or specific allowances and the model assumptions and parameters used in determinin collective allowances.
b Financia assets and iabi ities c assification
he Ban s accountin policies provide scope or assets and lia ilities to e desi nated at inception into the accountin cate ories respectively descri ed in otes 2.10.
In accordance with IAS 39 uidance, the Group classified some non derivative financial assets with fixed or determina le payments and fixed maturity as held to maturity. his classification re uired si nificant ud ement. In ma in this ud ement, the Ban evaluated its intention and a ility to hold such investments to maturity. I the Ban were to ail to eep these investments to maturity other than or the specific circumstances or example, sellin an insi nificant amount close to maturity the Group was re uired to reclassi y the entire cate ory as availa le or sale. Accordin ly, the investments would e measured at air value instead o amortised cost.
Seg ent reporting
he Group has our reporta le se ments, as summarised elow, which are the Group s strate ic usiness divisions. hese divisions offer different products and services, and are mana ed separately ased on the Group s mana ement and internal reportin structure. or each o the divisions, the Group s ana in Director ein the chie operatin decision ma er reviews the internal mana ement reports on at least a monthly asis. he se ments are Institutional Ban in , Commercial Ban in , Personal and Business Ban in and reasury.
In ormation re ardin the results o each reporta le se ment is included elow. Per ormance is measured ased on se ment operatin income, included in the internal mana ement reports that are reviewed y the ana in Director. Se ment profit is used to measure per ormance as mana ement elieves that such in ormation is the most relevant in evaluatin the results o certain se ments relative to other divisions in the Group. Inter se ment pricin is determined as in the normal course o usiness.
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