Strategic Report Strategic Report Strategic Report Financial Additional Overview Strategy Performance Governance Statements Information 27. Risk Management continued Credit risk continued Less than 31 to 61 to More than 31 December 2016 30 days 60 days 90 days 90 days Total Loans to customers: Consumer loans 34,353 10,940 9,349 20,995 75,637 Micro and SME loans 20,035 9,494 6,479 29,874 65,882 Residential mortgage loans 10,074 4,472 1,840 7,319 23,705 Commercial loans 10,235 4,558 387 1,621 16,801 Finance lease receivables 2,565 368 349 740 4,022 Total 77,262 29,832 18,404 60,549 186,047 Carrying amount per class of financial assets whose terms have been renegotiated During the year, the Group modified the contractual cash flows on certain loans and advances to customers. All such loans had previously been transferred to at least Stage 2 with a loss allowance measured at an amount equal to lifetime expected credit losses. The following table provides information on financial assets that were modified while they had a loss allowance measured at an amount equal to lifetime ECL: Amortised Net loss cost before arising from Financial assets modified during the period: modification modification Commercial loans 9,529 – Consumer loans 19,144 (2,065) Micro and SME loans 21,852 (1,152) Residential mortgage loans 5,883 (690) Gold – pawn loans – – Total 56,408 (3,907) The table below shows the carrying amount for renegotiated financial assets, by class as at 31 December 2017 and 2016: 2017 2016 Loans to customers: Commercial loans 103,365 235,026 Micro and SME loans 47,539 37,003 Residential mortgage loans 44,058 38,757 Consumer loans 39,318 29,828 Finance lease receivables 5,508 5,829 Total 239,788 346,443 Annual Report 2018Bank of Georgia Group PLC 263