Investor Presentaiton
MORGAN STANLEY BANK ASIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2020
9. NET IMPAIRMENT LOSS ON FINANCIAL INSTRUMENTS
The following table shows the net ECL charge and write-offs for the year.
2020
2019
Net ECL
US$'000
Write-offs
US$'000
Loans and advances
37
37
Total
US$'000
37
Net ECL
US$'000
Write-offs
Total
US$'000 US$'000
37
All of the above impairment losses were calculated on an individual basis. No collective impairment
assessments were made during the year or prior year.
10.
INCOME TAX
Current tax
2020
US$'000
2019
US$'000
Current year
Hong Kong
23,170
14,420
Other jurisdiction
3,741
2,033
26,911
16,453
Adjustments in respect of prior years
Hong Kong
31
(2)
Other jurisdiction
(8)
131
23
129
26,934
16,582
Deferred tax
Origination and reversal of temporary differences
(2,544)
(1,030)
Adjustments in respect of prior years
13
(2,531)
16
(1,014)
Income tax
24,403
15,568
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