| CIM FINANCE. INTEGRATED REPORT 2022 152 EXPLANATORY NOTES 30 SEPTEMBER 2022 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONT’D) Net investment in leases (Cont’d) Expected credit loss (Cont’d) 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 26.7 26.9 151.0 204.6 New assets originated or purchased 3.7 3.2 5.2 12.1 Assets derecognised or repaid (excluding write offs) (10.6) (3.6) (27.7) (41.9) Transfers to Stage 1 14.0 (10.9) (3.1) - Transfers to Stage 2 (1.0) 15.8 (14.8) - Transfers to Stage 3 (0.1) (1.3) 1.4 - Impact of year end ECL of exposures transferred between stages (12.5) (12.2) 19.2 (5.5) Changes to estimates and assumptions used for ECL calculations 2.2 (1.7) (21.2) (20.7) Amounts written off - - (27.9) (27.9) At 30 September 2022 22.4 16.2 82.1 120.7 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 - - - - Amalgamation adjustment 15.5 31.8 155.7 203.0 New assets originated or purchased 3.3 2.0 9.7 15.0 Assets derecognised or repaid (excluding write offs) (5.8) (3.8) 17.1 7.5 Transfers to Stage 1 17.5 (6.8) (10.7) - Transfers to Stage 2 (0.7) 13.9 (13.2) - Transfers to Stage 3 (0.3) (2.6) 2.9 - Impact of year end ECL of exposures transferred between stages (11.5) (11.4) 17.7 (5.2) Changes to estimates and assumptions used for ECL calculations 8.9 3.9 26.0 38.8 Amounts written off (0.2) (0.1) (54.2) (54.5) At 30 September 2021 26.7 26.9 151.0 204.6 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 15.5 31.8 155.7 203.0 New assets originated or purchased 3.3 2.0 9.7 15.0 Assets derecognised or repaid (excluding write offs) (5.8) (3.8) 17.1 7.5 Transfers to Stage 1 17.5 (6.8) (10.7) - Transfers to Stage 2 (0.7) 13.9 (13.2) - Transfers to Stage 3 (0.3) (2.6) 2.9 - Impact of year end ECL of exposures transferred between stages (11.5) (11.4) 17.7 (5.2) Changes to estimates and assumptions used for ECL calculations 8.9 3.9 26.0 38.8 Amounts written off (0.2) (0.1) (54.2) (54.5) At 30 September 2021 26.7 26.9 151.0 204.6 COMPANY COMPANY GROUP
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