Annual Report 2019

Explanatory Notes 30 SEPTEMBER 2019 16. LOANS AND ADVANCES (CONT’D) (b) Corporate credit facilities (cont’d) (iii) Gross carrying amount - Corporate credit facilities An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to Corporate Credit facilities is as follows: 2019 Stage 1 Stage 2 Stage 3 Total MUR m MUR m MUR m MUR m At 1 October 2018 152.8 54.5 62.2 269.5 New assets originated 4.0 - 2.0 6.0 Assets derecognised or repaid (excluding write offs) (44.2) (24.9) (36.2) (105.3) Transfers to Stage 1 - - - - Transfers to Stage 2 - - - - Transfers to Stage 3 - (29.6) 29.6 - Amounts written off - - - - At 30 September 2019 112.6 - 57.6 170.2 (iv) Expected credit loss - Corporate credit facilities 2019 Stage 1 Stage 2 Stage 3 Total MUR m MUR m MUR m MUR m At 1 October 2018 0.3 0.3 0.1 0.7 New assets originated - - - - Assets derecognised or repaid (excluding write offs) (0.2) (0.2) - (0.4) Transfers to Stage 1 - - - - Transfers to Stage 2 - - - - Transfers to Stage 3 - (0.1) 0.1 - Impact on ECL of stage transfers - - 11.5 11.5 Amounts written off - - - - At 30 September 2019 0.1 - 11.7 11.8 (v) Company - Corporate Credit Facilities Gross Carrying Amount ECL Stage 1 Stage 1 MUR m MUR m At 1 October 2018 1,105.5 3.7 Addition 1,896.5 6.4 At 30 September 2019 3,002.0 10.1 CIM FINANCIAL SERVICES LTD / ANNUAL REPORT 2019 118