| CIM FINANCE. INTEGRATED REPORT 2022 168 EXPLANATORY NOTES 30 SEPTEMBER 2022 16. LOANS AND ADVANCES (CONT’D) (d) Card receivables (cont’d) (iii) Expected credit loss - Card receivables COMPANY 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 5.1 2.7 33.5 41.3 New assets originated or purchased 0.5 - - 0.5 Assets derecognised or repaid (excluding write offs) (0.2) - (1.8) (2.0) Transfers to Stage 1 5.7 (0.1) (5.6) - Transfers to Stage 2 - 1.1 (1.1) - Impact of impairment losses and year end ECL of exposures transferred between stages (5.4) (1.1) 2.2 (4.3) Changes to estimates and assumptions - (1.9) (3.0) (4.9) Amounts written off - - (7.4) (7.4) At 30 September 2022 5.7 0.7 16.8 23.2 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 - - - - Amalgamation adjustment 0.5 1.4 48.3 50.2 New assets originated or purchased 0.2 (0.1) 3.3 3.4 Assets derecognised or repaid (excluding write offs) (0.3) (1.3) (28.0) (29.6) Transfers to Stage 1 1.1 - (1.1) - Transfers to Stage 2 - 0.6 (0.6) - Impact of impairment losses and year end ECL of exposures transferred between stages (1.0) (0.5) 4.9 3.4 Changes to estimates and assumptions 4.6 2.6 12.0 19.2 Amounts written off - - (5.3) (5.3) At 30 September 2021 5.1 2.7 33.5 41.3 GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 0.5 1.4 48.3 50.2 New assets originated or purchased 0.2 (0.1) 3.3 3.4 Assets derecognised or repaid (excluding write offs) (0.3) (1.3) (28.0) (29.6) Transfers to Stage 1 1.1 - (1.1) - Transfers to Stage 2 - 0.6 (0.6) - Impact of impairment losses and year end ECL of exposures transferred between stages (1.0) (0.5) 4.9 3.4 Changes to estimates and assumptions 4.6 2.6 12.0 19.2 Amounts written off - - (5.3) (5.3) At 30 September 2021 5.1 2.7 33.5 41.3
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