The loss allowance of a loan portfolio of Aube SA is 40,000 at the start of the year. Over the year, the charge is 25,000 and reversals and write-offs amount to 12,000. Calculate the closing loss allowance (reconciliation of movements).
- Opening loss allowance
- 40,000
- Charge for the year
- 25,000
- Reversals and write-offs for the year
- 12,000