Annual Report 2019

Explanatory Notes 30 SEPTEMBER 2019 16. LOANS AND ADVANCES GROUP COMPANY Sep-19 Sep-18 Sep-19 Sep-18 MUR m MUR m MUR m MUR m Credit facilities (a) 3,080.1 2,086.6 - - Corporate credit facilities (b) 170.2 269.5 3,002.0 1,105.5 Factoring receivables (c) 281.6 240.3 - - Card receivables (d) 373.8 425.8 - - 3,905.7 3,022.2 3,002.0 1,105.5 Expected credit loss / allowance for credit impairment (197.0) (156.6) (10.1) - 3,708.7 2,865.6 2,991.9 1,105.5 Expected credit loss/allowance for credit impairment is analysed as follows: GROUP COMPANY Sep-19 Sep-18 Sep-19 Sep-18 MUR m MUR m MUR m MUR m - Credit facilities 127.9 98.4 - - - Corporate credit facilities 11.8 2.7 10.1 - - Factoring receivables 22.6 20.5 - - - Card receivables 34.7 35.0 - - 197.0 156.6 10.1 - GROUP COMPANY Sep-19 Sep-18 Sep-19 Sep-18 MUR m MUR m MUR m MUR m (a) Credit facilities (i) Credit facilities receivables breakdown: Within one year 1,155.6 762.4 - - After one year and before five years 1,917.8 1,324.1 - - After five years 6.7 0.1 - - 3,080.1 2,086.6 - - (ii) Credit quality - Credit facilities The table below shows the credit quality and the maximum exposure to credit risk based on the Company’s internal credit rating system and year end stage classification. The amounts presented are gross of impairment allowances. Details of the Company’s internal grading system and policies on whether ECL allowances are calculated on an individual or collective basis are set out in Note 4.1 (d). 2019 Stage 1 Stage 2 Stage 3 Total MUR m MUR m MUR m MUR m Performing 2,588.4 - - 2,588.4 Watchlist - 254.8 - 254.8 Non-performing - - 236.8 236.8 2,588.4 254.8 236.8 3,080.1 CIM FINANCIAL SERVICES LTD / ANNUAL REPORT 2019 116