Phare SA prepares its credit risk table on its loans (gross carrying amounts, case data). 12-month expected losses: grade A 410,000, grade B 250,000, grade C 100,000. Lifetime expected losses, not credit-impaired: grade C 55,000, grade D 40,000. Credit-impaired assets: grade D 45,000. Calculate the total gross carrying amount in 12-month expected losses, then the total of the table, which must equal the gross carrying amount of the loans.
- 12-month expected losses, grade A
- 410,000
- 12-month expected losses, grade B
- 250,000
- 12-month expected losses, grade C
- 100,000
- Lifetime expected losses, grade C
- 55,000
- Lifetime expected losses, grade D
- 40,000
- Credit-impaired assets, grade D
- 45,000