{ "docId": "019dd923-5eff-723e-9be7-d26e8b9c7415", "docSlug": "db9dd26ce4c89573", "documentTitle": "2024 Annual Report", "authorId": "TUI-Group", "authorName": "TUI Group", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.777, "pageNumber": 244, "pageCount": 286, "prevPage": 243, "nextPage": 245, "slideType": "appendix_disclosure", "function": "appendix", "density": "overcrowded", "nDataPoints": 0, "notes": "Page 244 of a financial report, specifically detailing the methodology for calculating expected credit losses (ECL) and asset classification.", "elementsJson": [ "paragraph" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5eff-723e-9be7-d26e8b9c7415/244", "deckHref": "/decks/019dd923-5eff-723e-9be7-d26e8b9c7415", "deckJsonHref": "/decks/019dd923-5eff-723e-9be7-d26e8b9c7415.json", "deckAnchorHref": "/decks/019dd923-5eff-723e-9be7-d26e8b9c7415#slide-244", "components": [ { "bbox": { "h": 0.15, "w": 0.27, "x": 0.57, "y": 0.06 }, "kind": "paragraph", "text": "Under the simplified approach to impairment, trade receivable and lease receivables are transferred to Stage 3 when there is any objective evidence of impairment...", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "001ae6f3-173f-4241-9cbc-b703773b11a3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.27, "x": 0.57, "y": 0.22 }, "kind": "paragraph", "text": "For all other financial assets carried at amortised cost impairments are determined in accordance with the general approach.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "14e5bd0f-ed29-4e9b-b8d2-51a1dc769169", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.22, "w": 0.27, "x": 0.57, "y": 0.48 }, "kind": "paragraph", "text": "For material advances and loans and other receivables and assets, the expected credit losses are determined by multiplying the probability of default with the loss given default and the exposure of default...", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "23bc864f-3ae4-4f43-84dc-d2211d066447", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.27, "x": 0.16, "y": 0.06 }, "kind": "paragraph", "text": "Credit management also covers TUI Group's derivative financial instruments. The maximum credit risk for derivative financial instruments entered into is limited to the total of all positive market values of these instruments...", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6771c809-466c-44bd-95bb-00130bf45220", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.11, "w": 0.27, "x": 0.16, "y": 0.33 }, "kind": "paragraph", "text": "IFRS 9 requires entities to recognise expected losses for all financial assets held at amortised cost and for financial assets constituting debt instruments and measured at FVTOCI...", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "722ddf16-2aab-48b6-958a-ee36f14ceb40", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.22, "w": 0.27, "x": 0.16, "y": 0.59 }, "kind": "paragraph", "text": "Under the simplified approach to impairment, a loss allowance is carried at an amount equal to life-time ECL at initial recognition for trade receivables and the lease receivables...", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "77e7bb7b-b674-4c73-8dbf-2b34e5945ccd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.27, "x": 0.16, "y": 0.23 }, "kind": "paragraph", "text": "For the sustainability-related bond issued in the 2024 financial year, TUI has the right to terminate the bond early at certain repurchase prices in accordance with the bond terms and conditions...", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8ffe3eac-df41-4423-a4f7-c27cce8fa560", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.11, "w": 0.27, "x": 0.16, "y": 0.46 }, "kind": "paragraph", "text": "Under the general approach to impairment, financial assets are classified into three stages. Stage 1 is where financial assets are recognised for the first time or where credit risk has not increased significantly since initial recognition...", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "dad8023f-b59c-47a3-8221-7eb9c820e644", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.27, "x": 0.57, "y": 0.28 }, "kind": "paragraph", "text": "For cash and cash equivalents, the low credit risk exemption of IFRS 9 is applied, according to which financial instruments with a low default risk at the time of acquisition can be classified in stage 1...", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "deb7b6c2-b253-42f4-add4-1aacedad6116", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.04, "x": 0.03, "y": 0.31 }, "kind": "title", "text": "Notes", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fe16ff43-f761-4c48-bfaf-6e0361a18187", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "ifrs-s2", "slug": null, "matchId": "af89f244-6f1b-4c92-8e4a-56bef5fbfa15", "evidence": "References IFRS 9 impairment model and expected credit losses (ECL)", "confidence": 0.9 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }