Provisioning (Allowance for expected credit loss)
| Expected Credit Loss | FY’18 | FY’19 | FY’20 | FY’21 | FY’22 | FY’23 | FY’24 |
|---|---|---|---|---|---|---|---|
| Beginning Balance | - | 1.19 | 1.19 | 11.82 | 41.02 | 70.29 | 77.21 |
| Amts written off | - | - | - | - | 1.19 | 10.63 | |
| Net remeasurement of loss allowance | 1.19 | - | 10.63 | 29.20 | 30.46 | 17.55 | 38.91 |
| Balance at the end | 1.19 | 1.19 | 11.82 | 41.02 | 70.29 | 77.21 | 116.12 |
What is remeasurement of loss allowance
Pls elaborate how to read this
So I have compiled these figures from previous yrs balance sheet. Basically it is an account for expected credit loss/allowance for doubtful debts. So the net re-measurement of loss allowance is the provision/allowance for doubtful debts expense the co. reports in PnL. So if you go ahead and check the PnL this figure matches:
What would be causing them a loss on credit? What does this mean? Sorry for a stupid question
Expected Credit Loss (Protean e-gov).docx (431.0 KB)
This should help^
In short: The ITD dept. still needs to pay protean and for that they’ve created provision
