Alba SA holds a credit-impaired loan (stage 3) whose gross carrying amount is 500,000 and whose loss allowance is 150,000. The annual effective interest rate given by the case is 8 %. Calculate the net amortised cost and the interest income for the period.
- Gross carrying amount
- 500,000
- Loss allowance
- 150,000
- Effective interest rate
- 8 %