Notes to Consolidated Financial Statements continued Thousands of Georgian Lari 10. Loans to Customers and Finance Lease Receivables continued Finance lease receivables continued As at 31 December 2018 Finance lease receivables, ECL: Stage 1 Stage 2 Stage 3 POCI Total Balance at 1 January 2018 424 894 970 – 2,288 New financial asset originated or purchased 781 – – – 781 Transfer to Stage 1 692 (688) (4) – – Transfer to Stage 2 (340) 426 (86) – – Transfer to Stage 3 (220) (549) 769 – – Impact on ECL of exposures transferred between stages during the year (218) 228 352 – 362 Assets derecognised (excluding write-offs) – – – – – Assets repaid (659) (170) (318) – (1,147) Impact of modifications – – – – – Write-offs – – (756) – (756) Recoveries of amounts previously written off – – – – – Unwind of discount – – 47 – 47 Currency translation differences (16) (43) (36) – (95) Net other measurement of ECL 35 (39) 172 – 168 Balance at 31 December 2018 479 59 1,110 – 1,648 Individually assessed – – 518 – 518 Collectively assessed 479 59 592 – 1,130 Balance at 31 December 2018 479 59 1,110 – 1,648 Finance lease Finance lease receivables receivables 2017 2016 At 1 January 2,548 2,202 Charge 496 777 Amounts written off (611) (511) Currency translation differences (53) 80 At 31 December 2,380 2,548 Individual impairment 1,152 1,702 Collective impairment 1,228 846 2,380 2,548 Gross amount of finance lease receivables, individually determined to be impaired, before deducting any individually assessed impairment allowance 2,593 2,475 228 Annual Report 2018Bank of Georgia Group PLC